![IMG_20250111_081748.jpg](https://images.hive.blog/DQmV1takPqjz7Srb4yvfTCWEjNsukeKp2mLM773hscMZ8jE/IMG_20250111_081748.jpg)
 It is nice to see hive go back above $0.50. hive have been staying around 0.46 to 0.48 last few days and now suddenly pump to $0.57. is this a bull trap? Let's see what the chart say.

### Technical Analysis on HIVE/USDT (4H Chart)

1. **Price Movement and Trend**:
   - The price has spiked by **16.59%**, currently trading at **$0.5715**, after bouncing from the **24H low of $0.4614**.
   - The chart shows a significant bullish candlestick breaking above the **EMA(7)** ($0.5110) and **EMA(25)** ($0.5201), indicating strong upward momentum.

2. **Volume**:
   - A notable increase in trading volume accompanies the price surge, reflecting strong buying interest and potential continuation of the bullish trend.

3. **Moving Averages**:
   - The shorter-term moving averages (**EMA(7)** and **EMA(25)**) are sloping upwards, suggesting a short-term bullish crossover.
   - The **EMA(99)** ($0.4538) remains below the price, further confirming the upward trend.

4. **RSI**:
   - The **RSI(6)** at **75.57** indicates the asset is currently overbought, signaling possible short-term exhaustion or correction.

5. **Resistance and Support Levels**:
   - Immediate resistance: **$0.5811** (24H high).
   - Immediate support: **$0.5110** (EMA(7)) and **$0.4538** (EMA(99)).

### Conclusion:
HIVE is experiencing a strong bullish breakout, but overbought RSI suggests a potential short-term pullback. Watch for resistance at $0.5811 and support at $0.5110.