🚀🔥 $HIVE /USDT TECHNICAL ANALYSIS - EYEING A BREAKOUT! 🔥🚀
The $HIVE /USDT pair on Binance is currently trading at $0.5029, showing steady movement near a crucial level. The 24-hour high is $0.5098, and the 24-hour low is $0.4980. The 24-hour trading volume for HIVE is 4.9M HIVE, and for USDT, it is 2.46M USDT. The chart displayed is a 1-hour candlestick chart showcasing HIVE/USDT's price dynamics.
Trade scenarios:
Bullish scenario: If the price breaks above the recent high of $0.5098, it could aim for the next resistance at $0.5150.
Take profit (TP): $0.5150
Stop loss (SL): $0.5000
Bearish scenario: If the price fails to sustain above $0.5010 and dips below this level, it could test the support at $0.4950.
Take profit (TP): $0.4950
Stop loss (SL): $0.5050
Market outlook:
HIVE/USDT currently exhibits a neutral-to-bullish sentiment, with price action nearing a decisive point. A breakout above resistance could spark bullish momentum, while a breakdown may lead to further downside.
Stay sharp and trade smart!
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