$HIVE /USDT: The Momentum Continues – A Bullish Setup in Progress
$HIVE /USDT is exhibiting remarkable bullish strength, currently trading at 0.3660 USDT on the 15-minute timeframe, up by an impressive 53.20% in the last 24 hours. After reaching a high of 0.4048 USDT, the price has retraced slightly, presenting an excellent opportunity for traders to ride the trend. The support level at 0.3410 USDT offers a solid foundation, while resistance at 0.3750 USDT could be a pivotal breakout point for further gains.
An ideal entry point lies around 0.3600 USDT, as the price consolidates near the support zone. Traders can target progressive profit levels: TP1 at 0.3750 USDT, TP2 at 0.3900 USDT, and TP3 at 0.4050 USDT. To mitigate risk, a stop loss is recommended at 0.3400 USDT, just below the support zone.
Technical indicators such as RSI and MACD support the continuation of this upward momentum, with buying pressure outweighing selling activity. This setup provides a strategic opportunity to capitalize on HIVE’s strong bullish movement while ensuring proper risk management through dynamic adjustments of stop-loss levels.