I’m looking at $HIVE here, where price is gradually forming a base around a key support area. This type of structure often appears before a potential upward move, but only if buyers continue to defend the level.
HIVE /USDT — SPOT PLAY
Buy Zone: 0.0610 – 0.0620
Stop Loss: 0.0575
Targets: 0.0660 | 0.0700 | 0.0740 | 0.0780
Holding Time: 5–10 Days
HIVEUSDT
Perp
0.06248
-7.58%
Price is currently stabilizing near support, suggesting a possible accumulation phase. When markets build a base like this, it typically reflects reduced selling pressure and the potential for a gradual expansion if demand increases.
The idea is straightforward: accumulate near support with defined risk, and allow the market to confirm direction. If the level holds, upside can develop step by step toward higher liquidity zones. If it fails, the invalidation is clear, and capital is protected early.
Overall, it’s a structured setup based on support holding and potential range expansion.