$HIVE HIVE/USDT Price Analysis: Momentum Building! 🚀

At $0.3472 (+8.57%), HIVE is making waves with a strong upward movement. The price action is gaining momentum, but can it sustain or is a correction on the horizon? Let’s analyze the key levels and trends.

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Current Snapshot

24H High: $0.3711

24H Low: $0.3150

Current Volume: 50.06M HIVE

The price has shown strong bullish movement, but we’re now seeing consolidation near the $0.3500 resistance zone.

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Key Levels to Watch 📊

Support Levels:

$0.3300: Immediate support where buyers stepped in during the last pullback.

$0.3150: Critical support level; a break below this could lead to further downside.

Resistance Levels:

$0.3500: The current level to break for continued bullish momentum.

$0.3711: Recent high; clearing this could spark a push toward $0.4000.

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Indicators in Focus

MACD: Bullish crossover indicates upward momentum.

Volume: Healthy volume supports the recent rally, but watch for potential drops signaling exhaustion.

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Trading Strategy

Bullish Scenario:

Entry: $0.3450–$0.3500 on consolidation or minor pullbacks.

Targets:

First Target: $0.3600

Stretch Target: $0.3800–$0.4000

Stop Loss: Below $0.3300 to minimize risks.

Bearish Scenario:

Entry: $0.3600–$0.3650 if rejection occurs.

Targets:

First Target: $0.3300

Second Target: $0.3150

Stop Loss: Above $0.3715.

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Final Thoughts

HIVE is riding strong bullish momentum but is now approaching critical resistance levels. If it breaks above $0.3711, we could see a rally toward $0.4000. However, traders should watch for signs of exhaustion and be prepared for a potential pullback to the $0.3300–$0.3150 range.

What’s your strategy for HIVE? Let’s discuss!

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