Hedera Hashgraph’s currency price settled higher in latest intraday trading, boosted by trading above the 50-day SMA, but still dominated by the main downward trend, with negative signals from the Stochastic after reaching overbought levels compared to the price’s movements.

Therefore we expect the price to decline and target the support of $0.1385, provided the resistance of $0.1616 holds on.

Today’s price forecast: Bearish

The price of (ETHUSD) declined in its recent intraday trading, affected by hitting the resistance of its EMA50, accompanied by testing a bearish correctional trend on the short-term basis, at the same time we notice the reach of the (RSI) to overbought levels, which suggest the beginning of forming a negative divergence, which will intensify the negative pressure on the price.

The price of (BTCUSD) witnessed fluctuated trading in its intraday levels, after surpassing the negative pressure of the EMA50, attempting to breach the top of the minor bearish channel that limited its previous trading on the short-term basis, but the price finds some resistance there, where we notice the beginning of the negative signals on the (RSI), after reaching overbought levels, to offload some of these conditions.

The price of (Brent) settled with slight gains in its last intraday trading, affected by breaking a bullish trend line on a short-term basis, with the continuation of the negative pressure that comes from its trading below EMA50, attempting to offload its oversold conditions on the (RSI), especially with the beginning of the positive signals’ emergence.