$HIVE This season is so scary, shaking wildly 🙄

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Analysis on the HIVE/USDT pair:

1. Recent price volatility:

Current price: 0.3347 USDT, down 1.06%.

Highest price in 24h: 0.3692 USDT.

Lowest price in 24h: 0.3091 USDT.

In the 1-hour timeframe, HIVE/USDT has strongly risen from the support zone of 0.3091 USDT and reached the resistance zone of 0.3589 USDT, then adjusted.

2. Technical indicators:

Bollinger Bands: The current price is near the middle line (Middle Band) at 0.3266 USDT, indicating that the current trend is testing the balance again.

Trading volume: Volume spiked when the price hit the bottom of 0.3091 USDT, showing strong buying pressure from this support area.

MA (Moving Average):

MA5: 6,068,787 (higher than MA10, indicating that the short-term trend favors the buyers).

Market sentiment:

Buy/Sell ratio: 64.66% leaning towards the buyers, indicating positive sentiment but caution is needed with the resistance zones above.

3. Support and resistance levels:

Important support: 0.3091 USDT (the lowest price zone in 24h).

Nearest resistance: 0.3589 USDT (the nearest peak in the 1-hour timeframe).

4. Short-term prediction:

If the price holds above 0.3266 USDT (Middle Band), it is highly likely to test the resistance of 0.3589 USDT.

If the price breaks below the support of 0.3266 USDT, it may drop back to 0.3091 USDT.

5. Trading strategy:

Buyers: Consider buying at the level of 0.3266 USDT if the volume continues to increase and there are reversal candle signals. Take profit at 0.3589 USDT.

Sellers: If the price does not exceed 0.3589 USDT, this could be an opportunity for short selling with a target back to 0.3266 USDT.

Hashtags:

#CryptoAnalysis #HIVEUSDT #BollingerBands #MarketTrends #SupportAndResistance