$HIVE
https://vm.tiktok.com/ZGdhQpGFm/
Technical Analysis of HIVE/USDT
Current Price Action:
The current price of HIVE/USDT is 0.3474.
The price is trading above the 24h low of 0.2341 and below the 24h high of 0.3732.
Support and Resistance:
The support levels are found at 0.2108 and 0.2341.
The resistance levels are found at 0.3732 and 0.3800 (psychological resistance).
Buy Zones and Targets:
Buy Zone 1: 0.2108 - 0.2341 with targets at 0.2800 and 0.3100.
Buy Zone 2: 0.2500 - 0.2600 with targets at 0.3000 and 0.3300.
Sell Zones and Targets:
Sell Zone 1: 0.3732 - 0.3800 with targets at 0.3500 and 0.3300.
Sell Zone 2: 0.3400 - 0.3500 with targets at 0.3200 and 0.3000.
Key Observations:
The price has shown a significant bullish momentum in the past 24 hours.
RSI is currently high, indicating overbought conditions.
Conclusion:
The price could continue to rise towards the resistance levels, but a correction is possible given the RSI overbought conditions.
Traders should be cautious and use stop losses.
Buy orders can be placed in the buy zones with targets as mentioned above.
Sell orders can be placed in the sell zones with targets as mentioned above.
Disclaimer: This analysis is for informational purposes only and does not constitute investment advice. Always conduct your own research and consult with a financial professional before making any investment decisions.
