$HIVE Long Liquidation Alert: A shocking $6,486.60 worth of long positions have been wiped out at the critical price level of $0.36349, sending waves of panic through the market!
This sudden liquidation underscores the intense selling pressure gripping $HIVE , forcing over-leveraged bulls to exit as their margin positions get liquidated.
Long liquidations occur when prices dip below the maintenance margin level, triggering automatic sell-offs and further intensifying the downward spiral.
Bearish Momentum: Sellers have seized control, driving prices lower and liquidating over-extended longs.
Psychological Pressure: The $0.36 level is emerging as a critical point for both bulls and bears.
Market Volatility: Liquidation events like these often fuel rapid price movements, shaking out weak hands.
Key Levels to Watch:
Support Zone: $0.35 – A break below this level could signal further downside risk.
Resistance Zone: $0.37 – Bulls need to reclaim this to regain confidence.
Volume Activity: Increased trading volume suggests heightened market engagement, possibly hinting at more turbulence ahead.
Can bulls mount a comeback, or will bears deepen their grip on #HIVE? The market hangs in the balance as traders brace for the next
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