Bullish momentum gone? HIVE fell back below support zone

in LeoFinance4 months ago

Sobering situation

Everybody who had already thought of new bright days for HIVE and even new ATHs is probably a bit sobered now. We have significantly fallen back below the $0.50 zone, now trading at 40 Cents. The Korean pump is over for the moment.

This comes also for me a bit surprising since Bitcoin is still near ATH at 105k. The bullish momentum seems gone. The altcoin market is exhaling.
But heres comes the good news: The momentum could return any day, though I still don’t believe we will have enough impulse to crack up past $2 in the coming months.

What do you think?

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Ja, das Muster wiederholt sich - leider. Zu viel Hive liegt bei den wenigen Superwalen und OGs, und sowie der Kurs oben ist, wird massiv verkauft. Z.B. die Powerdowns der Top-Witnesses sind massiv raufgegangen - https://hive.arcange.eu/witnesses/ (die "Schweinchen")

Leider, ja. Mehr HODL Mentalität gerade bei den Walen wäre wünschenswert.

There will probably still be pumps. But there will be $1 if Bitcoin grows above $150k

$1 is very likely but the old ATH of $3.41 is out of reach imo

I don’t know much about reading charts but hope it goes back up