š $HIVE /USDT Technical Analysis: Eyes on the Next Levels!
š Current Price: $0.3511 (+41.34%)
š 24h High: $0.3732 | 24h Low: $0.2341
šÆ Target 1: $0.3732
Why: This is the immediate resistance level, matching the 24-hour high. A breakout here could spark further bullish momentum.
Strategy: Watch for a strong candle close above $0.3732 with high volume.
šÆ Target 2: $0.4200
Why: A key Fibonacci retracement level, aligning with previous price consolidation. Breaking this could signify sustained upward strength.
Strategy: Monitor RSI and volume; overbought conditions might signal a potential pullback.
šÆ Target 3: $0.5000
Why: A psychological round number and a significant milestone for HIVE. Achieving this could attract even more traders.
Strategy: Set trailing stops to secure profits if the trend continues.
š Technical Indicators:
RSI: Bullish, nearing overbought zones.
MACD: Positive crossover, confirming bullish momentum.
Support Level: $0.3000 (ideal entry point for pullbacks).
š” Pro Tip: Always manage your risk and adjust your targets based on market sentiment and volume.
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