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The Hive AI price has soared 68% in the last 24 hours to trade at $0.07307 as of 3:20 a.m. EST on a 56% pump in trading volume to $56 million.
Hive AI Price Breaks Above A Descending Triangle
The BUZZ/USD hourly chart highlights a bullish breakout following the formation of a descending triangle pattern. Descending triangles are bearish continuation patterns, but in this case, the price action reversed near the $0.04 support level, leading to a bullish reversal.
The breakout was confirmed as the price surged above the descending trendline at approximately $0.073, signalling renewed buying momentum.
The 50-period Simple Moving Average (SMA) acts as dynamic support, with the price currently trading above $$0.07307. This indicates a shift in sentiment toward the bulls in the short term.
BUZZUSD Analysis Source: Dextools.io
The Moving Average Convergence Divergence (MACD) further supports this outlook, with the MACD line crossing above the signal line and positive momentum reflected in the histogram.
Similarly, the Relative Strength Index (RSI) is at 63.26, comfortably in bullish territory but not yet overbought, suggesting an opportunity for further upward movement.
From a price perspective, the key support levels are $0.058 and $0.04. On the upside, $0.08 is the next significant resistance level, followed by the psychological level of $0.10. If the price sustains above the breakout point of $0.073, it could target these levels.
However, before further gains, a pullback to retest the $0.058-$0.073 zone is possible. Failure to hold above $0.058 could invalidate the bullish scenario.
The chart suggests a strong bullish setup with the potential for further gains, provided the price sustains above critical support levels. Traders should watch for a continuation toward $0.10 while being cautious of potential pullbacks.
Meme Index Presale Races Past $2.3 Million – Next Crypto To Explode?
While traders anticipate more bullish momentum for the Hive AI price, investors are flocking to the Meme Index (MEMEX) presale, a project that introduces the world’s first decentralized meme coin indices and has already surpassed $2.3 million in early fundraising. According to popular YouTuber ClayBro, who has over 135K subscribers, MEMEX could soar 26X after launch.
MEMEX offers a new approach to investing in meme coins with four diversified portfolios: Meme Titan, Meme Moonshot, Meme Midcap, and Meme Frenzy. Each portfolio is tailored to different risk levels, empowering investors to align their choices with their individual risk appetite.
For thrill-seekers drawn to high-risk, high-reward ventures, the Meme Frenzy portfolio targets emerging and volatile meme coins. Though risky, it presents the potential for substantial returns, making it an enticing option for daring and adventurous investors.
🚨 Meme Index is live in Upcoming Tokens! 🚨@memecoin_index presents the first-ever diversified meme coin platform, powered by $MEMEX, giving unparalleled access to the $120 billion meme coin market.
Meme Index offers exclusive access to indexes that cater to every risk… pic.twitter.com/GsiBBuZOzX
— Best Wallet (@BestWalletHQ) December 27, 2024
To invest in the meme coin portfolios, investors must first acquire MEMEX tokens using ETH, USDT, BNB or a bank card through the simple widget on the project’s website.
MEMEX tokens are currently available for $0.0152243. There is also a huge 980% annual staking yield on offer to investors who stake their tokens during the presale stage.
Buy MEMEX before a price hike in less than 48 hours to secure the best deal.
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