$HIVE /USDT Technical Analysis 🥺

Updates and targets mentioned 🔥

🚀 Current Price: $0.6367 (+15.74%)

🔍 Trend: Bullish Momentum

📈 Volume: 24h Vol ~ 190.52M HIVE ($111.39M USDT)

Key Targets to Watch 🎯

1️⃣ Target 1: $0.6896

Significance: This is the 24h high and the immediate resistance level. A breakout above this point could indicate further bullish momentum.

Action: Watch for strong buying volume to confirm the breakout.

2️⃣ Target 2: $0.6985

Significance: This is the next resistance level from previous price action. If HIVE maintains upward momentum, it could test this target.

Action: Ideal for short-term traders aiming for quick profits in the next leg up.

3️⃣ Target 3: $0.7500

Significance: A psychological barrier and a key long-term resistance. Achieving this level would indicate a strong continuation of the bullish trend.

Action: Ensure sufficient volume support and keep stop-loss tight below $0.6200 in case of a pullback.

Technical Indicators:

Parabolic SAR: Bullish support at $0.5386.

Volume: High trading activity signals strong interest in HIVE

Strategy Tip:

For bullish traders, monitor breakouts above $0.6896 and $0.6985.

For risk-averse traders, place stop-loss below $0.5119 to manage downside risk.