Hedera (HBARUSD) declined in its latest intraday trading as it attempts to gain positive momentum that could help it recover and rise again. At the same time, the cryptocurrency is working off part of its overbought levels on the relative strength indicators, where negative signals have started to appear. However, dynamic support from trading above the 50-day SMA continues, alongside the dominance of a short-term corrective bullish wave with trading along an ascending line that supports this direction.

Therefore, we expect the cryptocurrency to rise in its upcoming intraday trading as long as the support level of $0.17091 holds, targeting the resistance level of $0.19559.

Todays price forecast: Bullish.