$HIVE/USDT Technical Analysis and January 2025 Price Prediction

Current Market Overview

The cryptocurrency $HIVE is currently trading at $0.4894, marking a significant +33.39% gain in the last 24 hours. The 24-hour high touched $0.5238, while the low was $0.3667, indicating strong bullish momentum.

Technical Indicators Overview:

1. MACD (Moving Average Convergence Divergence):

• DIF: 0.0309

• DEA: 0.0203

• MACD Histogram: 0.0106

The MACD line is crossing above the signal line, signaling continued bullish momentum.

2. Candlestick Pattern:

The daily chart shows a strong bullish breakout after a consolidation phase. The recent green candles with longer bodies suggest buying pressure is dominant.

3. Support and Resistance Levels:

• Immediate Support: $0.41

• Immediate Resistance: $0.52

A break above $0.52 could trigger a run towards the $0.60–$0.65 range.

January 2025 Prediction:

If the current bullish trend continues and market sentiment remains positive, Hive could potentially test the $0.65–$0.70 range by mid-January 2025. However, traders should watch for potential pullbacks near key resistance zones.

Key Takeaway:

With strong bullish momentum supported by MACD and price action analysis, $HIVE presents a promising outlook for January 2025. Traders are advised to set stop-losses and monitor resistance at $0.52 closely.$HIVE #CryptoReboundStrategy