📈 $HIVE /USDT Technical Analysis – 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:

$HIVE

/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 – 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 – In the event of deeper retracement, this could serve as another buying zone.

Resistance Levels:

Primary Resistance: $0.4755 – This is a critical level. A breakout above it could open the path for further gains toward $0.4837.

Upper Resistance: $0.4837 – 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.

👉 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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