$HIVE 💯
HIVE/USDT Technical Analysis – Binance Update
Current Price: 0.4882 USDT
Trend: Bullish Momentum
24h Performance: +32.30%
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Market Overview
HIVE has shown strong upward momentum in the last 24 hours, with a 24h high of 0.5238 USDT and a low of 0.3667 USDT. The volume indicates significant trading activity:
144.58M HIVE traded
63.98M USDT in value
This surge has been supported by high volatility, providing exciting opportunities for traders.
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Targets 🎯 for HIVE/USDT
1️⃣ Target 1: 0.5311 USDT
Why? Based on the EMA and resistance levels, this is the next immediate target. A breakout above this level could signal continuation.
Indicators: Strong buy signal from MACD, supported by volume spikes.
2️⃣ Target 2: 0.5780 USDT
Why? Historical resistance zone from previous highs. If the bullish momentum persists, this will likely be the next significant test.
Indicators: Bollinger Bands show expanding volatility, suggesting room for upward movement.
3️⃣ Target 3: 0.6185 USDT
Why? Psychological level and key Fibonacci retracement level, aligning with long-term resistance. Reaching this would indicate a strong trend continuation.
Indicators: Requires sustained volume and confirmation through the SAR flipping to bullish.
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Key Technical Indicators
MACD: Bullish crossover, confirming upward momentum.
EMA: Price holding above short-term EMA, indicating strong support.
BOLL: Bands widening, signaling high volatility.
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Conclusion
HIVE/USDT is currently on a bullish trajectory, but traders should monitor resistance levels at 0.5311 and 0.5780 USDT closely.
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