šØ $HIVE /USDT: Sharp Decline ā Testing Key Levels! š
$HIVE is trading at $0.2946, down -12.76% in the last 24 hours. After reaching a high of $0.4048, the price has retraced significantly, testing critical support zones.
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š Market Highlights:
24-Hour High: $0.4048
24-Hour Low: $0.2889
Volume: 204.28M HIVE and $72.67M USDT traded, reflecting strong market activity during the downturn.
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š Key Levels to Watch:
Support: $0.2889 ā Holding above this level is crucial to prevent further downside.
Resistance: $0.3507 ā A break above this could signal recovery.
Next Move: Sustained momentum above $0.3100 could reignite bullish interest.
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š Technical Insights:
The steep drop indicates selling pressure, but HIVE could see a bounce near $0.2900 if buying volume returns. Traders should remain cautious and wait for confirmation before entering positions.
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š” Pro Tip:
Focus on volume dynamics and news updates for potential catalysts. Manage risk carefully with stop-losses below $0.2889 to avoid further downside exposure.