Binance Technical Analysis: $HIVE

/USDT

🚀 $HIVE /USDT is showing bullish momentum with a strong 25.94% increase in the last 24 hours. The price has already hit a high of $0.4950, and the current value stands at $0.4204. Here’s a breakdown of key targets to watch for:

🎯 Target 1: $0.4600

A solid resistance level that has shown previous price action, where sellers could appear. If the bullish trend continues, this level could be a crucial short-term target.

🎯 Target 2: $0.4800

The next key resistance after $0.4600, with strong potential for upside if the market continues its upward trajectory. Watch for a breakout above this level for further confirmation.

🎯 Target 3: $0.5000

A psychological level and a strong resistance point. If the bullish trend holds, $0.5000 would be the next significant milestone for HIVE/USDT, confirming a continuation of the upward trend.

🔍 Support Levels:

The current price at $0.4204 is supported by the 24-hour low at $0.3322. If the price retraces, key support levels to watch are around $0.4000 and $0.3800.

🚨 Risk Warning:

Market volatility is high, and price corrections are possible. Ensure your risk management strategies are in place.

Stay tuned for more updates as we track HIVE/USDT’s price action on Binance!