$HIVE /USDT Technical Analysis

$HIVE /USDT: Massive Breakout in Play – Momentum Surges..

$HIVE has erupted with a jaw-dropping 32.40% rally, trading at $0.4520 after touching a 24-hour high of $0.4755. This meteoric rise follows a period of consolidation near $0.3091, signaling an aggressive breakout fueled by bullish sentiment. With trading volumes exceeding $146M in the last 24 hours, the market is seeing a surge of interest in this Layer-1 gainer. Key resistance at $0.4755 could open doors to a continued upward trend, targeting $0.50 or beyond.

However, traders should stay cautious as HIVE remains highly volatile. Support is seen around $0.4228, and a break below this level could trigger a retracement back to $0.3618. The RSI suggests an overbought scenario, emphasizing the need for disciplined risk management. Eyes remain on this hot coin as bulls attempt to maintain momentum and capitalize on the ongoing rally.

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