$HIVE / USDT Showing Bullish Intent Despite Minor Pullback: Watch for Breakout! 🚀🔍
$HIVE / USDT is currently trading at $0.2646, showing a positive intraday gain of 4.92%. However, the most recent 4-hour candle indicates a slight pullback of -1.01%, suggesting a temporary pause after a recent upward move.
Key Observations:
* Solid Intraday Gain: The overall positive movement today indicates continued buying interest.
* Recent Price Action: The 4-hour chart shows a strong preceding green candle, followed by the current red candle, hinting at a potential short-term consolidation or profit-taking.
* Support Level: The 24-hour low of $0.2502 could act as a key support level if the price retraces further.
* Resistance Level: The 24-hour high of $0.3006 represents a significant resistance level. A successful break above this could trigger a more substantial bullish rally.
Potential Scenario: If $HIVE / USDT can hold above the $0.2600 range and break through the $0.3006 resistance with strong volume, we might witness a significant upward move.
Keep a close eye on HIVE/USDT for potential breakout signals!
{spot}(HIVEUSDT)
