$HIVE Short Liquidation Alert

Coin: $HIVE

Liquidation Value: $4.2241K

Price Level: $0.47822

Here’s a detailed breakdown of this HIVE short liquidation:

Price Action: HIVE surged past the key resistance level of $0.47, triggering a short liquidation worth $4.2241K at $0.47822. This indicates a strong bullish move, with shorts caught off-guard as the price broke higher.

Volume Surge: Trading volume spiked by 18%, indicating heightened market participation as shorts were forced to cover their positions, adding fuel to the ongoing rally.

Market Sentiment: The sentiment has shifted to bullish, with the next key resistance at $0.48 and $0.50 in sight. The short squeeze has turned the momentum firmly in favor of the bulls.

Opportunity for Traders:

If HIVE continues to hold above $0.47, it could offer a buy-the-breakout opportunity, targeting $0.48 and $0.50.

A failure to sustain above $0.47 might lead to a pullback toward $0.45, but the bullish outlook remains intact for now.

Key Insight: This short liquidation signals significant bullish momentum, with potential for further upside. Holding above $0.47 is crucial for continued strength.

Price Targets:

Upside Potential: $0.48 - $0.50

Risk Zone: Below $0.47, potential pullback toward $0.45

HIVE is on the move—watch for continued upward pressure!

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