đ $HIVE /USDT Technical Analysis â Strong Bullish Momentum!
Current Price: $0.4146 (+24.58%)
24h High: $0.4755
24h Low: $0.3241
24h Volume: 134.93M HIVE ($54.13M USDT)
Price Action:
/USDT has experienced a significant surge, gaining 24.58% in the last 24 hours. Currently priced at $0.4146, it is approaching key resistance at $0.4755, with traders eyeing further upside potential. The strong upward movement reflects growing buying interest in the asset.
Support Levels:
Primary Support: $0.3241 â A solid level to watch in case of a pullback. A bounce from here could provide opportunities for additional long entries.
Secondary Support: $0.3036 â In the event of deeper retracement, this could serve as another buying zone.
Resistance Levels:
Primary Resistance: $0.4755 â This is a critical level. A breakout above it could open the path for further gains toward $0.4837.
Upper Resistance: $0.4837 â A key resistance level that traders should monitor for any signs of trend continuation.
Indicators:
Volume: Increased trading volume indicates strong market interest and likely continuation of bullish momentum.
Momentum: The current rally suggests strong bullish sentiment, but a close watch on the resistance levels will be crucial for further price action.
Outlook:
HIVE has shown impressive growth, but the resistance zone around $0.4755 remains a key hurdle. If the price can break above this level, further upside could be expected. However, failure to do so may lead to a short-term pullback to support levels.
đ Monitor key levels and adapt your strategy as HIVE continues to show strong bullish behavior. Trade HIVE/USDT now on Binance!
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