$HIVE #AGAIN 💯💯

HIVE/USDT Technical Analysis

Current Price: $0.5651

Trend: Moderately bullish with high intraday volatility.

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Key Levels

Resistance 1 (Target 1): $0.6538

Reason: Aligns with recent 15m high and BOLL (Bollinger Band) upper range. Breakout could confirm a short-term bullish rally.

Strategy: A breakout above this level may signal continuation toward higher targets. Monitor volume for confirmation.

Resistance 2 (Target 2): $0.6849

Reason: Represents the 24-hour high. A psychological and technical barrier for buyers.

Strategy: If breached with strong volume, expect momentum to build, targeting higher swing levels.

Support Level (Target 3): $0.4851

Reason: Serves as the 24-hour low and a critical support zone. Failure to hold here could trigger bearish momentum.

Strategy: Ideal for buying if prices retrace while maintaining the overall uptrend.

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Technical Indicators Summary

MA (5 & 10): Shows consistent upward momentum with averages favoring bullish sentiment.

MACD: Signal lines suggest a possible buy zone if divergence strengthens.

Bollinger Bands: Price nearing upper band; potential breakout on strong volume.

Volume Analysis: Increasing volumes (395.83M HIVE in 24h) support an active trend.

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Conclusion

Current bullish momentum may push prices toward $0.6538 and $0.6849 if resistance levels are breached.

Watch for pullbacks near $0.4851 for potential re-entry opportunities.

🎯 Targets: $0.6538, $0.6849, $0.4851.

Trade Wisely!