HIVEUSDT has been under bearish pressure, with resistance at 0.6403 and 0.6522 presenting significant barriers. Support at 0.3856, 0.3822, and 0.3733 may provide a safety net for the price.Both the 9 EMA and 20 EMA are sloping downward, reflecting bearish sentiment. This trend suggests that the path of least resistance remains to the downside unless buyers step in near support levels.
The MACD histogram remains negative, indicating persistent bearish momentum. The RSI is in the low 40s, suggesting that HIVE is nearing oversold territory, which could prompt a temporary relief rally.
Short traders may target support levels if the price breaches 0.3856, while long positions might only be viable upon a confirmed break above 0.6403, with bullish MACD and RSI signals providing additional confirmation.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.