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$HIVE 💯🤑💰🔥🔥🔥

/USDT Technical Analysis: Market Overview

Currently, HIVE/USDT is trading at $0.3721, reflecting a 20.10% drop over the past 24 hours. As we analyze the chart, there’s a notable price action pattern emerging:

Support Level: The key support level stands at $0.3672, where the price has recently bounced back, suggesting a potential area for buying interest.

Resistance Level: A notable resistance is at $0.4663, with price struggling to break above this level in the past 24 hours.

Volume Analysis: The 24-hour trading volume for HIVE is 145.31M HIVE, with $59.64M in USDT. This indicates healthy market activity, but the overall price decline suggests selling pressure outweighs buying.

Key Takeaways:

HIVE/USDT remains under pressure with a 20.10% drop, but a bounce off the $0.3672 support level could set the stage for a potential recovery.

Traders should closely monitor the $0.467 resistance as it may provide a turning point for bullish momentum.

Short-Term Outlook: The price has recently been fluctuating between $0.3600 and $0.4300, and a breakout from this range could provide the next directional move. Stay tuned for more updates as the market reacts to this volatile phase.