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Imrubel2014
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$HIVE The current position of the $HIVE/USDT pair in the range of 0.5300-0.52800 reflects a consolidation phase. Here's an analysis of this price action: Psychological Perspective of the Current Range 1. Accumulation Zone: The price hovering in this tight range may indicate that larger investors (or "whales") are accumulating before a potential breakout. Smart money often accumulates during such periods of low volatility. 2. Support and Resistance Dynamics: Support: If 0.52800 is holding firm, it signifies strong buying pressure, showing that traders are confident in this level as a foundation for upward movement. Resistance: 0.5300 might act as a psychological barrier, and breaking above it could trigger a wave of buying. 3. Trader Psychology: Retail traders may hesitate in this range due to uncertainty, but experienced traders recognize consolidation as a precursor to significant price movement. Many traders watch for breakouts, and a decisive move above 0.5300 could ignite FOMO. Technical Expectations Bullish Scenario: If $HIVE breaks above 0.5300 with strong volume, it could trigger a rally towards the next resistance levels, likely at 0.5500-0.5600. Bearish Risk: If the support at 0.52800 breaks, it could lead to a pullback, testing lower support levels around 0.5200 or below. Key Psychological Levels to Watch Above 0.5300: Bullish breakout signal. Below 0.52800: Caution is advised; look for support confirmation. Patience is key in such scenarios. Monitor volume and market sentiment closely, as these will give clearer signs of the next big move.
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can it hit 1$?? is possible?
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can this go more down? still now 0.52-0.53
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tnx
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