🚀$HIVE
Technical Analysis for HIVE/USDT on Binance – 3 Targets to Watch! 🎯
Current Price: 0.3115 USDT
24h High: 0.3646 USDT
24h Low: 0.3091 USDT
HIVE is currently in a consolidation phase, trading near its 24-hour low after a sharp 11.81% decline. Here's a closer look at the technical indicators and potential targets:
Technical Indicators:
1️⃣ Moving Averages:
MA(7): 0.3175 (Resistance level – price is struggling to close above this short-term average).
MA(25): 0.3327 (Mid-range target in case of a breakout).
MA(99): 0.3406 (Longer-term trend resistance).
2️⃣ Support Level: 0.3091 (Key level to hold; a breakdown could signal further bearish movement).
3️⃣ Resistance Levels:
Immediate resistance is around 0.3175.
Breaking above 0.3327 can fuel bullish momentum.
4️⃣ Volume:
Significant trading activity with 42.68M HIVE traded in the past 24 hours, indicating strong interest.
Watch for a volume surge for confirmation of breakouts.
3 Targets 🎯
🎯 Target 1: Short-Term Resistance (0.3175 USDT)
If HIVE manages to break above this level, it could attract quick traders and signal the start of an upward correction.
🎯 Target 2: Mid-Term Resistance (0.3327 USDT)
A sustained move above this level would indicate stronger bullish sentiment and target the longer-term moving average.
🎯 Target 3: Long-Term Resistance (0.3406-0.3646 USDT)
Breaking this zone could lead to a rally toward the recent high of 0.3646. This level is key for trend reversal confirmation.
💡 Strategy Tips:
Watch volume and candlestick patterns for potential entry/exit points.
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