Technical Analysis: $HIVE 🤑💰🔥💯

/USDT - Market Update

The HIVE/USDT pair is currently showing a slight downtrend, with the price at $0.5114, reflecting a 6.49% decrease in the last 24 hours. Here’s a closer look at key levels and price movements:

24h High: $0.5838

24h Low: $0.4914

24h Trading Volume: 67.96M HIVE / 35.88M USDT

Price Action & Trend Analysis

Over the last hour, HIVE has seen a -2.42% drop, moving from $0.5241 to $0.5114. This indicates some short-term bearish pressure. Watch out for possible support around the $0.4914 level, which aligns with the previous low.

Resistance: $0.5838 (24h high)

Support: $0.4914 (24h low)

Looking Ahead

If the bearish momentum continues, we could see further tests of support near $0.4914. However, a rebound from this level could set up a recovery toward the $0.55-$0.60 range. Monitor volume closely for any signs of reversal.

Keep an eye on potential market-moving news and adjust your strategies accordingly. Stay tuned for updates!

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