$HIVE The recent long liquidation at $0.34499 suggests selling pressure in the market. This may indicate a bearish trend or a significant market reaction that pushed the price down.

Here is the detailed technical analysis for $HIVE.

Support and Resistance Levels.

Key Support Level.

$0.3400 (if breached, further downside is possible)

Resistance Zone.

$0.3550 - $0.3600 (price needs to break this for an upward trend)

Trading Plan for $HIVE.

Buy Zone.

Entry Points.

$0.3300 - $0.3450 (ideal area to buy after stabilization)

Targets Short to Mid term.

1. Target 1: $0.3600 short term resistance.

2. Target 2: $0.3800 medium term.

3. Target 3: $0.4000 if the bullish trend strengthens.

Stop-Loss.

Place a stop loss below $0.3250 to manage risk in case of further downside.

Market Outlook.

1. If $HIVE holds above $0.3400, a bounce back towards $0.3600 and higher is likely.

2. Watch for any breakout above $0.3600 to confirm a bullish reversal.

3. Failure to hold $0.3400 could lead to a retest of $0.3200 or lower levels.

Important Tips.

1. Monitor Bitcoin’s trend as it influences the entire crypto market.

2. Adjust your targets and Stop loss according to market volatility.

3. Avoid over leveraging and always prioritize risk management.

Let me know if you need additional details.

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