š $HIVE /USDT: Technical Analysis & Trade Signal ā Are We Ready for a Bounce? š
Current Price: $0.5461
Trend: Bearish with signs of consolidation near the support zone.
Key Levels:
Resistance: $0.5800, $0.6200
Support: $0.5300, $0.5000
Indicators:
RSI: Near oversold (~30), indicating potential for a short-term bounce.
MACD: Bearish, but momentum slowing.
EMA (20 & 50): Price below both, confirming bearish momentum.
š Trade Signal:
Entry Zone: $0.5300 ā $0.5400 (near support).
Stop-Loss: $0.5000 (below key support).
Targets šÆ:
Target 1: $0.5700
Target 2: $0.6000
Target 3: $0.6500
Momentum:
Short-term: Neutral-to-Bullish (potential bounce).
Medium-term: Bearish unless price breaks above $0.5800.
Long-term: Neutral; monitor Layer-1 ecosystem updates.
ā ļø Risk Management:
Adjust position size based on volatility.
Monitor Bitcoin and market sentiment for correlation.