$HIVE market is strongly bullish, as evidenced by the price being well above key moving averages and supported by high trading volumes.
Traders should monitor the $0.4950 resistance level for potential rejection or continuation to $0.5022.
A break below $0.4518 might signal a short-term reversal to test lower support levels.
Support and Resistance Levels
Immediate Resistance: $0.4950 (24h high)
Key Resistance: $0.5022 (psychological barrier)
Immediate Support: $0.4518 (MA-25 level)
Key Support: $0.3826 (MA-99 level)
Trading Strategy
For Bulls: Look for a breakout above $0.4950 with strong volume before entering. Set take profit near $0.5022 or higher.
For Bears: Watch for rejection at $0.4950 and consider shorting if the price breaks below $0.4518, targeting $0.3826.
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