š$HIVE HIVE/USDT Market Insight
Current Price: $0.6206 (+9.43%)
24H High: $0.6896
24H Low: $0.5119
Volume (24H): 195.85M HIVE
š Technical Overview:
Moving Averages:
7-Day MA: $0.6250 (near-term resistance).
25-Day MA: $0.5595 (bullish support confirmed).
99-Day MA: $0.4788 (long-term upward momentum intact).
Price Analysis: HIVE surged to $0.6896 but has retraced slightly, stabilizing around $0.6206. This reflects profit-taking but strong buying interest remains.
š” Key Levels to Watch:
Resistance: $0.6300 ā A breakout here may retest $0.6896.
Support: $0.5927 ā Holding above this level is crucial for continued bullish momentum.
š Trading Strategy:
For Bulls: Monitor a breakout above $0.6300 with volume for potential upward movement toward $0.7000.
For Bears: A breakdown below $0.5927 could trigger a test of $0.5500.
Stay tuned for further updates and trade responsibly!
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