$HIVE
/USDT Technical Analysis & Trade Signal🔥💯
Current Price: $0.3373 (up by 6.91% in the last 24 hours)
Trend: Bullish momentum, trading above short-term moving averages (e.g., 50 MA) showing upward movement.
Resistance Levels:
1. Target 1: $0.3500 (Near the current price, potential profit-taking point)
2. Target 2: $0.3650 (Primary resistance; the price might face a pullback here)
3. Target 3: $0.3750 (Extended target if bullish momentum continues)
Support Levels:
Current support: $0.3250 (Strong buy zone; risk of reversal below this level)
Further support: $0.3100 (Critical level for bullish continuation)
Momentum Indicators:
RSI: Moderate bullish bias (around 60, watch for overbought conditions if moving above 70).
MACD: Showing positive momentum with potential for continued upward movement.
Trade Signal:
Buy: Enter above $0.3373 if confirmed with higher volume.
Sell: Consider taking profits near $0.3500 to $0.3650 range.
Stop-Loss: Set below $0.3250 to limit downside risk.
Given the bullish momentum, focus on the targets while watching for potential pullbacks near resistance levels.