$HIVE /USDT is currently trading around 0.2589 on the 15-minute chart, following a recent decline from its 24-hour high of 0.3480.
This downtrend suggests some selling pressure, although the current price level may offer a potential bounce opportunity if support holds. Key resistance is at 0.3048, a level that HIVE needs to break above to signal renewed bullish momentum.
Meanwhile, the primary support level is at 0.2117, which is crucial to prevent further downside movement.
For traders looking to enter, an entry around the current price of 0.2589 may be ideal if aiming to capture potential recovery.
Target levels are set to allow incremental profit-taking: TP1 at 0.2700, TP2 at 0.2850, and TP3 at 0.3000. A stop-loss at 0.2450 is recommended to manage risk should the price continue to fall.
This setup is intended to capitalize on a potential rebound while maintaining a cautious approach given the recent downtrend.
Monitoring volume and price action near resistance will be essential to confirm a possible upward movement.