$HIVE Technical Analysis
The asset's 48.16% gain highlights strong upward movement, driven by high volume.
Price has fallen below short-term MAs, and the MACD signals weakening momentum. A retest of support at $0.49-$0.50 is possible.
Key Resistance: Breaking $0.61 would indicate renewed bullish activity, targeting $0.68 and above.
Short-term: Traders should monitor $0.49 as key support and $0.61 for breakout opportunities.
Long-term: Bullish outlook remains intact if the price sustains above MA(99).
Support and Resistance Levels:
Support Levels:
$0.4796 (MA(99))
$0.4939 (Recent consolidation area)
Resistance Levels:
$0.6126 (MA(7))
$0.6849 (24-hour high, major resistance zone)
