a technical analysis post for Binance featuring three target levels for HIVE/USDT:
/USDT Technical Analysis
The HIVE/USDT pair has surged by 45.90% in the past 24 hours, reaching $0.5572. Despite this strong rally, we’re currently witnessing a minor pullback of 1.00%.
Key Levels to Watch:
1. Support Zone: $0.5000
The $0.5000 level is a strong support. If the price retraces to this level, it could be a solid entry point for buyers, anticipating a bounce back toward higher levels.
2. Resistance Zone: $0.5851
The 24-hour high of $0.5851 is a key resistance to monitor. A breakout above this level could push HIVE/USDT toward the next target of $0.6000.
3. Target Area: $0.6000
The $0.6000 level is a significant target. If HIVE/USDT breaks the $0.5851 resistance, it could continue to rally towards this level, signaling a continuation of the bullish trend.
Strategy: If price action holds above $0.5000, it could suggest further upward movement toward the resistance levels. However, a drop below $0.5000 might indicate a retracement to lower levels.
Stay tuned with Binance for further market insights!
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