🚨 $HIVE /USDT Testing Key Levels – What’s the Next Move? 🚨
$HIVE is trading at $0.2412, up 3.56%, and approaching significant resistance, setting the stage for a potential breakout or pullback.
💡 Key Levels to Watch:
Resistance:
$0.2429 – Immediate resistance; a breakout could push prices higher toward the next targets.
Support:
$0.2391 – Short-term support; holding this is crucial to sustain bullish momentum.
$0.2308 – A deeper support level; losing this could signal a bearish trend.
📊 Market Insights:
The RSI at 62.03 suggests the market is leaning bullish but nearing overbought conditions.
MACD remains flat, indicating consolidation, but a breakout could change the momentum.
🎯 Trading Strategy:
For Bulls: Look for pullback entries near $0.2391, targeting $0.2429 and higher levels. Use stop-losses below $0.2308.
For Bears: Short if $0.2391 fails, targeting $0.2308, with stops above $0.2415.
⚡ What’s Next?
With $HIVE testing its upper limits, watch for a breakout above $0.2429 or a retest of support. Be ready to act quickly on the next decisive move!