$HIVE /USDT Technical Analysis & Trade Signal
Current Price: $0.3305
24h Change: +1.47%
Key Levels:
Support: $0.3091 (24h low)
Resistance: $0.3692 (24h high)
Technical Indicators:
Relative Strength Index (RSI): Moderately bullish; RSI trending upwards, indicating buying momentum.
Moving Averages (MA): Price is above the 50-period moving average, suggesting an upward trend in the short-term.
MACD: Positive, showing bullish momentum as the MACD line crosses above the signal line.
Trade Signal:
Entry Point: Enter long near $0.3305 (current price) or on a pullback to $0.3200.
Target Levels (🎯):
1. First Target: $0.3500 – This is a near-term resistance level.
2. Second Target: $0.3690 – Approaching the 24h high, key resistance zone.
3. Third Target: $0.3800 – Psychological resistance, further upside if momentum holds.
Stop Loss: $0.3100 – Below the recent low to protect from sharp downside movement.
Trade Momentum:
Momentum: Bullish, as the price is trending upwards with increasing volume. If momentum continues, price could break resistance levels.
Recommendation: Caution for a potential pullback to support before taking new positions, but overall, a bullish outlook based on current trend and indicators.
Note: Always assess the broader market conditions and consider using stop-loss orders to manage risk.
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