I’m in loss since many hours why do you think it’ll go up

$HIVE


HIVE/USDT Technical Analysis 🎯

Current Market Price (CMP): 0.6200 USDT (+16.78%)
24h High: 0.6896 USDT | 24h Low: 0.5119 USDT
Volume: 214.81M HIVE

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Analysis Summary

HIVE/USDT is showing strong bullish momentum with a 16.78% increase over the last 24 hours. The asset is currently trading above key support levels, signaling potential further upside. Traders are eyeing breakout levels based on the recent price action and trading volume spikes.

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🎯 Key Targets

1. First Target (Short-Term): 0.6493 USDT

Resistance Level: If the price breaks above the CMP of 0.6200, it will likely test 0.6493. This level aligns with recent highs and significant order-book resistance.

2. Second Target (Mid-Term): 0.6896 USDT

All-Time High of 24h: Breaking above 0.6493 could lead HIVE to retest the 24-hour high of 0.6896. A sustained breakout may trigger FOMO among traders.

3. Third Target (Long-Term): 0.7500 USDT

Psychological Level: Beyond 0.6896, the next major resistance lies at the psychological barrier of 0.7500. Reaching this target would indicate a strong continuation of the uptrend.

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Support Levels

Primary Support: 0.6025 USDT

Secondary Support: 0.5558 USDT

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Indicators to Watch

Moving Averages (MA): The asset is trading near its 5-day MA (2,102,768), reflecting strong volume trends.

RSI: Monitor RSI for overbought conditions, as high gains may lead to a correction.

MACD: Positive divergence confirms upward momentum.

Let’s see how HIVE performs next! 🚀