$HIVE /USDT is currently demonstrating a strong bullish trend, with a 38.58% increase in the last 24 hours. The price has reached $0.3470, indicating strong buying pressure and a breakout above recent resistance levels.
Key Metrics:
24H High: $0.3621
24H Low: $0.2341
24H Volume (HIVE): 72.78M
24H Volume (USDT): 22.98M
The price action suggests a consolidation phase after a sharp rally, which could pave the way for further upward movement.
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Technical Analysis
Trend: Strong bullish momentum evident from the sharp rally on the chart.
Support Level: $0.3200
Resistance Levels:
Immediate: $0.3650
Key: $0.3800
Indicators:
Price above key moving averages, confirming upward momentum.
Volume surge supports the ongoing trend.
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Trading Signal
Buy Zone: Enter between $0.3450 and $0.3470.
Targets:
Target 1: $0.3650
Target 2: $0.3800
Stop Loss: Place below $0.3200 to minimize risk.