$HIVE
$HIVE/USDT Bullish Reversal? Watch the Breakout! 🚀
Market Analysis:
The HIVE/USDT 1-hour chart is showing a strong recovery attempt after some sideways movement! Currently trading at $0.0965, it has gained +1.69% and is showing signs of a potential bullish continuation.
Technical Breakdown:
Bollinger Band Breakout: The price is successfully trading above the Middle Band ($0.0953) and is now challenging the Upper Band ($0.0962). Staying above the Upper Band often signals a trend acceleration.
Strong RSI Momentum: The RSI(10) is currently at 70.68, indicating strong buyer demand. While in the "high" zone, this strength is necessary for a real breakout.
MACD Bullish Cross: We have a clear positive crossover on the MACD with green histogram bars increasing, confirming the upward shift in momentum.
Volume Support: Recent green volume spikes show that traders are stepping in at these levels to push the price higher.
🎯 My Trading Strategy:
🔥 Buy Entry: Current Market Price ($0.0965) or on a slight pullback to the $0.0955 zone.
🚀 Target 1: $0.0973 (Immediate resistance)
🚀 Target 2: $0.1020
🚀 Target 3: $0.1100+
🛡️ Stop Loss: $0.0934 (Below the recent swing low)
Final Verdict:
$HIVE is looking solid as it flips its near-term resistance into support. If we clear the $0.0973 hurdle, the next move up could be very quick! 📊
What’s your plan? Are you LONG on HIVE or waiting for a bigger dip? Let’s talk in the comments! 👇
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