$HIVE /USDT Price Analysis

$HIVE /USDT has experienced a significant breakout, surging by 36.80% over the past 24 hours, currently trading at $0.3424. This sharp upward move signals strong bullish momentum, supported by a volume spike of 73.47M HIVE, suggesting increased market activity.

Key Levels to Watch:

Resistance: $0.3621 – The 24-hour high serves as a critical resistance zone. A breakout above this level could lead to further gains.

Support: $0.3200 – This level acts as a strong support. Holding above it would be crucial to maintain the bullish trend.

Trade Setup:

Long Entry: If HIVE breaks above $0.3621, targets could be $0.3750 and $0.4000.

Short Entry: If the price drops below $0.3200, watch for support at $0.3000.

Risk Management:

Place a stop-loss around $0.3150 to manage downside risk.

Monitor the volume closely for confirmation of further moves.

HIVE's momentum indicates potential for further gains, but traders should remain cautious, especially with market volatility around the holidays.

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