Crypto market is boring nowadays. Bitcoin price went down to 61K again. Hive was one of undervalued cryptı during 2023-2024 altcoin season. Even market is boring today and this week, Hive price went up more than 20%. That means, Hive is not dead. Hive has great potential. Because it is undervalued..
Lots of altcoin are up more than 2x from the bottom. Hive is only up 40% form the bottom. It is great level to pick up Hive for longterm. We will not see these prices even more..
Here you can see daily chart of Hive. I shared this draft for months. Hive price chart has great pattern. I follow this chart. After going up today, Hive price broke up the middle line of consolidation zone. It worked as resistance and Hive price broke it up. It will work as support after this.
Even Hive is one of the best performer today, Hive touched the resistance in RSI Indicator. Here you can see RSI ındicators chart below. Even Hive price went up more than 30%, it went down. Because daily close should be below this resistance.
After breaking up the resistance on RSI Indicator, we can say that Hive price entered bullish trend. We can not say this now. Tomorrow is important for Hive price. I think we will not break up this resistance in a few days. Hive price may get price correction and retest support line where is the middle line of consolidation zone.
I shared lots of analysis for Hive price chart. I follow Hive price to analyze crypto market. Hive has also great potential during altcoin season. It can make more than 20x profit during altcoin season.
It is not late. It is great level to pick up Hive.
Don't regret. We will see..
Posted Using InLeo Alpha
20 X would be great but that would make a price of Hive at $7. Don't know how sustainable that would be.