🚨🚨$HIVE /USDT trading pair with 15 minutes timeframe technical details👇👇👇.
Observations:
1. Current Price:
$0.3665 (up 53.22% in 24 hours).
Price is recovering after hitting a recent low of $0.3115.
2. 24-Hour Range:
High: $0.4048.
Low: $0.2360.
The significant range suggests high volatility.
3. Volume:
High trading volume indicates strong interest, with 221.13M HIVE traded in the last 24 hours.
4. RSI (6):
65.58, indicating a strong upward momentum but nearing the overbought zone (70+).
5. Moving Averages (MA):
MA(5) is above MA(10), suggesting a short-term bullish trend.
6. Candlestick Patterns:
Recent green candles suggest buying pressure after a dip.
Key Signals:
Bullish Indicators: Price rebound, high trading volume, and positive RSI trend indicate strong market momentum.
Resistance Levels: Around $0.4048 (24h high) and $0.3753.
Support Levels: At $0.3410 and $0.3115 (local low).
Strategy:
If bullish momentum continues, a breakout above $0.3750 could test $0.40 again.
Watch RSI closely; if it crosses 70, the market may be overbought, suggesting a potential pullback.
Monitor volume for confirmation of trend strength.
