Market Analysis for $HIVE /USDT
The $HIVE /USDT trading pair is experiencing a strong upward trend, currently priced at $0.3470, marking a significant +38.58% increase in the last 24 hours. Key highlights include:
1. 24-Hour High/Low:
High: $0.3621
Low: $0.2341
2. Volume:
$HIVE Volume: 72.78M
USDT Volume: 22.98M
3. Technical Overview:
Recent breakout above resistance at $0.30 confirms bullish momentum.
The 15-minute candlestick chart shows consolidation after a sharp rise, indicating potential for continuation.
Moving averages suggest sustained buying pressure.
4. Performance:
Weekly gain: 13.20%
Monthly gain: 47.02%
Quarterly gain: 75.28%
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Trading Signal
Entry Point: Consider entering around $0.3450 - $0.3470.
Take Profit Levels:
Target 1: $0.3650
Target 2: $0.3800
Stop Loss: Place a stop-loss below $0.3200 to manage risk.