$HIVE – Bulls Struggle to Break Resistance
HIVE is attempting a short-term recovery, trading at $0.3337 (+1.54%), but resistance at $0.3360 - $0.3420 remains strong. Volume has increased, but momentum is weakening on lower timeframes, signaling possible exhaustion.
📊 Technical Breakdown
🔹 1D Chart:
• Price consolidates below the mid-Bollinger Band ($0.3330), showing indecision.
• RSI at 53.67 signals neutral momentum.
• MACD is attempting a bullish cross but lacks volume confirmation.
🔹 4H Chart:
• HIVE holds support at $0.3200 - $0.3250 but struggles to break $0.3360.
• RSI at 63.66 is nearing overbought territory.
• MACD remains flat, showing no strong bullish impulse.
• Volume increased, but not enough to confirm a breakout.
🔹 1H & 15M Charts:
• HIVE tested $0.3360 - $0.3380 and pulled back slightly.
• RSI is overbought above 61, signaling exhaustion.
• MACD neutral, suggesting weak trend momentum.
• Volume peaked but faded, indicating reduced buying pressure.
🔑 Key Insights
❌ Strong Resistance: $0.3360 - $0.3420 remains a major hurdle.
❌ Overbought RSI: Lower timeframes show exhaustion.
❌ Weak MACD: No strong bullish confirmation yet.
❌ Fading Volume: Buying pressure is slowing down.
📉 On-Chain & Market Sentiment
📊 BTC.D rising – Altcoins under pressure.
💰 USDT.D increasing – Weak risk appetite.
📉 TOTAL3 consolidating – Altcoins lack momentum.
📈 What’s Next?
🔻 Rejection at $0.3360 - $0.3420 could push HIVE back to $0.3250 - $0.3200.
📉 Further downside if $0.3420 isn’t reclaimed with volume confirmation.
📌 A breakout above $0.3420 could fuel bullish momentum.
🚨 HIVE is at a critical level—expect volatility ahead.
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📖 El Shaddai: (Hebrew: אֵל שַׁדַּי) – ‘God Almighty, the All-Sufficient One.’ His grace sustains.
#HIVE #CryptoAnalysis #TradingSignals #Signal🚥. 🚥 $HIVE