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traded in a tight 24-hour range between $0.1963–$0.2043, consolidating after a sharp selloff.Hive opened at $0.2074 on 2025-08-25 12:00 ET and traded as high as $0.2080 before retreating to a low of $0.1963. The pair closed at $0.2027 on 2025-08-26 12:00 ET. Total 24-hour volume stood at 3,049,354.0, with a notional turnover of $599,325.80.
The 24-hour period saw Hive form a key bullish reversal pattern near the $0.1963 level, with a long lower wick and confirmation in the following candle. This level now appears to act as a near-term support. On the upside, resistance is emerging around $0.2032, where a bearish engulfing pattern stalled a rally early on 2025-08-26.
On the 15-minute chart, Hive closed above both the 20- and 50-period SMAs, indicating short-term bullish momentum. On the daily chart, it remains below the 50, 100, and 200-day SMAs, suggesting medium-term bearish pressure.
The MACD line turned positive during the final hours of the period, confirming a short-term recovery. RSI, which had dipped into oversold territory below 25, has since rebounded toward neutral levels. However, a bearish crossover in the MACD histogram suggests caution on further upside.
Volatility began the day in a tight contract phase, with price oscillating within a narrow range until 04:00 ET. A breakout attempt followed, with Hive rising above the upper band briefly before retreating. The closing price remains just below the upper band, signaling continued volatility.
Volume spiked during the rebound from $0.1963 to $0.2008, confirming a short-covering phase. However, turnover has shown some divergence, with less-than-convincing buying pressure during the rally above $0.2000. This suggests mixed sentiment ahead of a potential breakout.
Fibonacci levels drawn from the $0.1963 low to the $0.2080 high show 38.2% at $0.2027 and 61.8% at $0.2003. Hive appears to have found near-term resistance at the 38.2% level on multiple occasions, suggesting it could act as a pivot point for near-term traders.
Looking ahead, Hive may test $0.2027–$0.2032 as a key resistance cluster. A breakout above $0.2032 could invite further buying, but a failure to hold above $0.2003 may see renewed bearish pressure. Investors should remain cautious of mixed momentum signals and watch for volume confirmation on any directional moves.
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