Hydra (HBARUSDT) is based on the support of its simple moving average - Analysis - 09-01-2025

The price of Hedera (HBARUSDT) has decreased during its recent trading at the moment levels, amid the occurrence of negative signals in the relative strength indicators, so that the price is trying to gain positive momentum that may help it recover and rise again, relying on its recent decline to support its simple moving average for the previous period of 50 days, in conjunction with the relative strength indicators reaching areas of severe saturation with selling operations, all of which comes in light of the dominance of the main upward trend in the short term.

Therefore, we expect the return of the currency price to rise during its upcoming trading, as long as the support level of $0.24381 remains stable, targeting the first resistance levels at $0.33894.

The expected direction for the upcoming trading: It is likely to rise $HBAR