🔍 #Hive : Technical Analysis (4-Hour Timeframe)

📊 General Overview:

Current Price: $0.5734 (+51.41%).

24H High/Low: $0.5851 / $0.3758.

The price has shown a strong breakout with a surge in volumes, indicating increased interest.

📈 Support and Resistance Levels:

🛠 Support Levels:

1️⃣ $0.4587 — previous consolidation zone.

2️⃣ $0.3123 — strong support from earlier price action.

3️⃣ $0.1859 — global minimum (unlikely to be tested soon).

⚔ Resistance Levels:

1️⃣ $0.5851 — local high.

2️⃣ $0.6550 — next intermediate resistance.

3️⃣ $0.9500 — historical high and major resistance.

📊 Volumes and Trends:

📈 Volume Spike: Significant increase in volume during the breakout confirms bullish momentum.

✅ Moving Averages (MA): The price is trading well above MA(5) and MA(10), showing strong upward momentum.

Recommendations:

Entry Points:

1️⃣ $0.5200–$0.5400 — Pullback zone after the current breakout.

2️⃣ $0.4587–$0.4700 — Strong support level for medium-term accumulation.

3️⃣ $0.3123–$0.3300 — Long-term support zone for low-risk entries.

Profit-Taking Levels:

🎯 $0.5850–$0.6000 — First target at the local high for partial profit.

🎯 $0.6500–$0.6550 — Intermediate resistance zone.

🎯 $0.9000–$0.9500 — Long-term target at historical high.

⚠ Risks:

A retracement to $0.4587 or lower if the breakout fails to hold.

Breaking below $0.4587 may lead to a drop toward $0.3123.

High volatility requires cautious position sizing.

📌 Conclusion:

HIVE/USDT has entered a strong upward trend supported by high volume. Look for entries on pullbacks and secure profits at key resistance levels. Ensure disciplined risk management to account for volatility. 🚀

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