Potential Target for HIVE/USDT in the Next 24 Hours:
Bullish Scenario: If the price continues to rise and breaks the immediate resistance of $0.5232, the next target could be around $0.5500 to $0.5600, considering the upward momentum and recent recovery trend.
Bearish Scenario: If the price faces resistance and fails to sustain above $0.5000, it may retest the support level around $0.4700 to $0.4800.
Key Factors to Watch:
1. Volume: An increase in trading volume could support a breakout above the resistance level.
2. Market Sentiment: Positive market news or sentiment could drive prices higher.
3. Technical Indicators: Keep an eye on RSI and MACD for signs of overbought or oversold conditions.
Note: This is a speculative analysis based on current data and trends. Cryptocurrency markets are highly unpredictable, and it's essential to exercise caution and set appropriate risk management strategies.
