$HIVE/USDT has shown a remarkable breakout, climbing 36.80% in the last 24 hours to trade at $0.3424. This move reflects strong bullish momentum, amplified by a significant volume surge of 73.47M HIVE, indicating heightened market interest.
Key Levels to Watch:
Resistance: $0.3621 – A crucial barrier, surpassing this level may open doors to higher targets.
Support: $0.3200 – Holding above this level is vital to sustain the bullish sentiment.
Trade Setup:
Long Entry: Break above $0.3621 with potential targets at $0.3750 and $0.4000.
Short Entry: Break below $0.3200, with $0.3000 as the next support level.
Risk Management:
Stop-Loss: Place around $0.3150 to mitigate losses.
Monitor volume and market activity for confirmation of price movements.
HIVE’s surge signals strong upside potential, but market volatility around the holiday season necessitates caution.
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