$HIVE /USDT: Momentum Continues – Bullish Setup in Progress

HIVE

0.3702

+55.09%

$HIVE /USDT is showing significant bullish strength, currently trading at 0.3660 USDT on the 15-minute timeframe, up a notable 53.20% in the past 24 hours. After reaching a high of 0.4048 USDT, the price has pulled back slightly, presenting an excellent opportunity for traders to ride the trend. The support level at 0.3410 USDT provides a solid base, while the resistance at 0.3750 USDT could be a crucial breakout point for further gains.

The ideal entry point is around 0.3600 USDT, where the price is consolidating near the support area. Traders can target gradual profit levels: TP1 at 0.3750 USDT, TP2 at 0.3900 USDT, and TP3 at 0.4050 USDT. To minimize risk, it is recommended to place a stop loss at 0.3400 USDT, just below the support area. Technical indicators such as RSI and MACD suggest that this bullish momentum will continue, with buying pressure outweighing selling activity. This setup provides a strategic opportunity to capitalize on HIVE’s strong bullish movement while ensuring proper risk management through dynamic adjustments to stop loss levels.