Technical Analysis for $HIVE /USDT:
Current Price: $0.363 (+11.56% in 24 hours)
Trend: Bullish
The price has shown a significant upward movement, indicating strong bullish momentum over the past 24 hours.
Support Levels:
First Support: $0.3179 (24h Low)
Second Support: $0.3378 (Depth Low)
Resistance Levels:
First Resistance: $0.3913 (Depth High)
Second Resistance: $0.3989 (24h High)
SAR Indicator: 0.3736, indicating potential for a reversal if the price moves below this level.
Price Action: Price has shown significant bullish movement after a retracement at $0.3378 and could target higher levels if momentum continues.
Trade Signal:
Buy Signal: Enter long positions around $0.363 or slightly lower with confirmation of price maintaining above $0.3500.
Momentum: Strong bullish momentum with a rising trend, supported by positive price action and volume.
Target Levels (🎯):
1. First Target: $0.3913 (Resistance)
2. Second Target: $0.3989 (24h High)
3. Third Target: $0.4200 (psychological resistance level)
Trade Momentum:
Momentum: Positive with a +11.56% price increase in the last 24 hours.
Suggested Stop Loss: Place stop-loss orders just below $0.3378 to limit downside risk.
This technical setup suggests a bullish short-term trend with potential for further upward movement, but traders should monitor for any retracements.