Hedera (HBARUSD) held on to slight gains in its recent intraday trading, supported by a rebound from the 50-day simple moving average, which provided positive momentum that helped the price edge higher. The asset remains under the control of a short-term upward trend, trading along a supportive ascending trendline. Additionally, a bullish divergence is beginning to form in the Stochastic after it reached extremely oversold territory relative to price movement, with early bullish signals starting to emerge.

Therefore, we expect the price to rise in upcoming intraday sessions, as long as support at 10.92 holds, targeting the resistance level at 12.6.

Todays price forecast: Bullish.