Hive is begin traded on the middle line of consolidation zone. I shared an analysis and explained that Hive price is in consolidation zone since May 2023. 0.33 USD is the middle of this zone. The top of this zone is about 0.39 USD, the bottom of this zone is about 0.26 USD…
So, 0.33 USD may be the support for Hive price.
Here you can see weekly chart of Hive. Even Hive broke up great downtrend line coming form 2022, Hive price can not gı up. Bitcoin price went up from 25K to 44K in short time. Hive price is up only 50%.. It is normal performance when we look at crypto market.
https://i.imgur.com/y61xunJ.png
Lots of crypto went up more than 100% in this time. It means, Hive is undervalued. It is out of top100. Hive is the best Web3 crypto project. We will see it in top100. You can calculate how much it has.
Here you can see the indicators of weekly Hive price chart. Fisher Indicator is on the top and will reverse.. You can see how moved Hive price when fisher Indicator reversed from the top..
So, we may price correction on Hive price chart for mid-term. Even Hive price didn't go up too much, we will see the price correction. It may be great time to pick up Hive again in 0.26 USD If Hive price breaks down this middle line..
https://i.imgur.com/SNHTbyU.png
We should follow this middle line of Consolidation zone of Hive price chart! If it breaks down, Hive price may hit the bottom of consolidation which is at 0.26 USD level.
I am waiting with my cash.
We will see..
