🚨 $HIVE /USDT TECHNICAL ANALYSIS – HIGH VOLATILITY ALERT! 🚨
has surged by 25.49%, currently trading at 0.2698 after reaching a high of 0.3480 in the past 24 hours. This rapid rise and subsequent pullback indicate high volatility, setting the stage for crucial levels to watch for the next move. Here’s the breakdown:
🎯 Target 1: 0.2952
The first resistance is close to the current price. A push above 0.2952 could signal another attempt to climb toward recent highs, with buyers potentially re-entering the market for a short-term rally.
🎯 Target 2: 0.3480
The recent peak of 0.3480 marks a significant resistance level. Breaking past this would be a strong bullish signal, suggesting potential for further upside as buyers aim for more gains.
🎯 Target 3: 0.3563
If HIVE can maintain momentum above 0.3480, the next upside target would be 0.3563, a level where bulls might aim for extended gains. Reaching this level would solidify the bullish trend, but expect some resistance here as traders may take profits.
🚨 Support Level: 0.2341
This is a critical support zone. A dip below 0.2341 could indicate a deeper correction, with sellers possibly taking control. Holding above this level is essential to maintain bullish sentiment.
HIVE is experiencing intense trading action. Let’s see if the bulls can push higher or if the correction deepens.
