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/USDT Technical Analysis: A Shift in Momentum
Current Price: $0.3746
24h High: $0.4720 | 24h Low: $0.3672
After a significant drop of 20.50% over the last 24 hours, the HIVE/USDT pair is currently consolidating around $0.3746. The price has shown a slight upward movement of +0.11% in recent hours, with a slight bounce off the 24h low at $0.3672.
Key Levels to Watch:
Support: $0.3672 (24h Low)
Resistance: $0.4720 (24h High)
If the price manages to hold above the current level, we may see a retest of the resistance near $0.4200 in the short term. However, if the downtrend continues, further declines towards the $0.3500 level could be in play.
Volume Insights:
24h Trading Volume (HIVE): 147.36M
24h Trading Volume (USDT): 60.64M
Strong volume spikes indicate continued market interest, suggesting that both bulls and bears are actively engaging with HIVE/USDT. Keep an eye on volume fluctuations for potential breakout or breakdown signals.
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