$HIVE /USDT Price Analysis
$HIVE/USDT has seen a strong breakout, rising by 36.80% in the last 24 hours, currently trading at $0.3473. This sharp price increase signals strong bullish momentum, supported by a volume spike of 73.47 million HIVE, indicating heightened market activity.
Key Levels to Monitor:
Resistance: $0.3621 – This 24-hour high acts as a critical resistance level. A break above this could lead to further upside.
Support: $0.3200 – This support zone is vital for maintaining the bullish trend. Staying above it is key for continued gains.
Trade Setup:
Long Entry: If HIVE breaks above $0.3621, potential targets are $0.3750 and $0.4000.
Short Entry: If the price falls below $0.3200, watch for further support around $0.3000.
Risk Management:
Set a stop-loss around $0.3150 to limit potential losses.
Monitor volume for confirmation of any significant price movement.
HIVE's current momentum shows promise for further growth, but caution is advised due to the heightened volatility, especially during the holiday period.
