Current Price Overview
Current Price: $0.2249 (-6.95%)
24h High: $0.3269
24h Low: $0.2185
24h Volume:
HIVE: 105.18M
USDT: $27.39M
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Key Technical Indicators
Moving Averages:
MA(7): $0.2293 — Immediate resistance; reclaiming this level could signal some recovery.
MA(25): $0.2424 — Mid-term resistance to watch if buying pressure increases.
MA(99): $0.2254 — Important long-term support near the current price.
Support Levels:
Support 1: $0.2185 — Current 24h low; holding here may help stabilize the price.
Support 2: $0.2000 — Psychological support level, critical if the downtrend continues.
Resistance Levels:
Resistance 1: $0.2424 (25-day MA) — A recovery target and resistance point.
Resistance 2: $0.3000 — Significant level, marking stronger upside potential if bulls regain control.
Bollinger Bands: Price is close to the lower band, suggesting oversold conditions that may attract buyers.
SAR (Stop and Reverse): Positioned above the current price, indicating potential continuation of downward pressure until a clear reversal.
Potential Price Targets 🎯
1. Target 1: $0.2290 — Short-term resistance at the 7-day MA.
2. Target 2: $0.2420 — Reaching the 25-day MA, signaling mid-term recovery potential.
3. Target 3: $0.3000 — A major level that could act as a breakout point if buying momentum builds.
Trading Strategy & Risk Management
Entry Points: Look for entries near support at $0.2185 or on a breakout above $0.2293.
Stop-Loss: Place stops near $0.2150 to manage downside risk if support breaks.
Market Sentiment
is showing high trading volume and currently testing key support levels. Holding above the MA(99) could bolster buyer confidence, potentially initiating a rebound toward the MA(25) at $0.2424. However, maintaining support near $0.2185 is crucial for a bullish outlook.
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Keep an eye on HIVE’s price movement for potential upside as it attempts to stabilize!
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