$HIVE

📊 Technical Analysis for HIVE/USDT on Binance: Dec 22, 2024 🎯

Current Price: $0.3746 (+55.11% in the last 24h)

24h Range: $0.2341 - $0.4048

Volume:

HIVE: 177.33M

USDT: $61.98M

Technical Indicators Overview

1️⃣ Parabolic SAR: Bullish momentum confirmed with SAR at $0.2624, indicating strong upward pressure.

2️⃣ Bollinger Bands:

Price approaching the upper band, showing overbought conditions, but potential for a continued rally.

3️⃣ MACD: Positive divergence supports bullish momentum.

🎯 Price Targets

1. Target 1: $0.4145

Immediate resistance level. Breaking this could lead to further upside momentum.

2. Target 2: $0.4500

Psychological resistance and a key profit-taking level for traders.

3. Target 3: $0.5000

Strong bullish continuation to this level may occur if trading volume sustains above 24h averages.

Trading Strategy

Bullish View: Buy on pullbacks near $0.3434 (support) and target $0.4145 or $0.4500.

Bearish View: If the price breaks below $0.3434, it could test $0.2722 (next support).

📈 Momentum is strong, but manage risk with stop-loss orders near $0.3200.

Trade smart, and good luck! 🚀

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