$HIVE Short Liquidation Alert
Liquidation Amount: $1,694.2
Liquidation Price: $0.5739
The HIVE market just witnessed a significant short liquidation, signaling a surge in bullish momentum as prices spiked above $0.56475. This event forced bears to cover their positions, further fueling the upward movement.
What Happened?
Bullish Pressure Dominates:
Short sellers were liquidated as HIVE rallied past $0.56475, triggering forced buybacks and driving prices higher.
Indicates strong buyer interest and potential reversal in market sentiment.
Immediate Impact:
Resistance Levels: Watch for a test near $0.57-$0.58 if the bullish momentum persists.
Support Zones: Key support now forms at $0.56, which could act as a springboard for further gains.
Market Dynamics:
Whale Influence: This liquidation could be part of a broader move orchestrated by large players capitalizing on weak short positions.
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