$HIVE /USD Market Update: Testing Key Resistance Levels

Current Price: $0.5840

24H Change: +2.4%

HIVE/USD is showing bullish momentum, climbing steadily towards critical resistance levels. The market sentiment suggests buyers are gaining control, but a breakout confirmation is essential for further upside.

Key Levels to Watch

Resistance:

$0.5900 – Immediate resistance; breaking this level could open doors to $0.6100.

$0.6250 – Strong resistance; a breakout above would signal a trend shift to bullish continuation.

Support:

$0.5700 – Initial support; holding above this level maintains bullish bias.

$0.5500 – Key support; losing this could lead to a deeper retracement.

Trade Setup

Bullish Scenario: If HIVE/USD breaks above $0.5900 with strong volume, look for targets at $0.6100 and $0.6250.

Bearish Scenario: A rejection at resistance and a break below $0.5700 could lead to a retest of $0.5500.

With increasing volume and momentum, HIVE is at a critical juncture. Stay alert for breakout opportunities in the coming sessions.

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