$HIVE

HIVE/USDT Technical Analysis: Key Levels and Potential Moves

At the current price of $0.3872, HIVE/USDT is consolidating within a well-defined range. The asset is testing a crucial support level around $0.375, which has proven to be a strong floor in recent price action. If this level holds, HIVE could see a rebound towards the resistance at $0.400, where selling pressure might increase.

Should HIVE break below $0.375, the next support zone is seen at $0.360, which could provide further downside potential.

Entry Strategy:

Bullish Entry: A break above $0.400 could trigger a continuation to the next resistance level at $0.420.

Bearish Entry: If HIVE breaks below $0.375, look for a potential short position with a target at $0.360.

Traders should stay alert for volume confirmation around these levels to identify whether a breakout or breakdown is imminent.

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