Hedera’s currency price (HBARUSDT) rose in the intraday levels, while trying to recoup some recent losses, as it also vented off oversold saturation in the RSI with positive signals coming out of it, amid the dominance of the downward correctional wave in the short term, with negative pressure due to trading below the 50-day SMA. 

 

Therefore we expect the price to return lower, targeting the support of $6.928, provided it settles firmly below the resistance of $9.818.

 

Trend forecast for today: Likely Bearish