$HIVE
Short Liquidation Alert
Coin: $HIVE
Liquidation Value: $1.8761K
Price Level: $0.52028
Here’s a breakdown of this HIVE short liquidation:
Price Action: HIVE surged above $0.51, triggering a short liquidation worth $1.8761K at $0.52028. This indicates strong bullish momentum as short positions were forced to close, fueling further price appreciation.
Volume Surge: Trading volume increased by 14%, signaling heightened market activity as shorts scrambled to cover their positions, further driving the upward price movement.
Market Sentiment: The market sentiment has shifted to bullish, with the next key resistance level at $0.53. The short squeeze has triggered strong buying pressure, positioning HIVE for potential further gains.
Opportunity for Traders:
If HIVE continues to hold above $0.51, it could offer a buy-the-breakout opportunity, with potential targets at $0.53 and $0.55.
A drop below $0.51 may trigger a pullback toward $0.50, but the bullish outlook remains intact for now.
Key Insight: This short liquidation signals the growing strength of the bullish momentum, and HIVE could see further upward movement if it maintains above $0.51.
Price Targets:
Upside Potential: $0.53 - $0.55
Risk Zone: Below $0.51, potential pullback toward $0.50