Hedera Hashgraph’s currency price (HBARUSD) edged lower in the intraday levels, while settling below the pivotal resistance of $0.23178, representing the neckline of a negative technical pattern that formed previously in the short term, the Double Top pattern as shown in the attached chart, while also suffering from ongoing negative pressure due to trading below the 50-day SMA, as the price managed to vent off oversold saturation in the RSI. 

 

Therefore we expect the price to decline, provided it settles firmly below the resistance of $0.23178, thus targeting the support of $0.12578 as a price target for that forming Double Top pattern. 

 

Trend forecast for today: Bearish