#HIVE price is still stable at $0.106 and I have noticed that its volume is increasing. This is a good sign for a price rise. Right now there is bullish momentum and the rising volume will support it even more.
As I mentioned the movement of altcoins depends completely on Bitcoin. If Bitcoin performs well it also pulls the altcoins up with it.
The good thing is that Bitcoin is also showing strong momentum and currently testing its resistance level. If it breaks this level then next level will be $90K.
If I talk about #hive, the next level is 0.111 (according to 1H time frame). A good breakout will take the price to the next resistance level.
THANK YOU!
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Great analysis! The combination of stable price action on HIVE with increasing volume is indeed a very solid bullish signal. Fingers crossed that Bitcoin breaks through its resistance to give the entire altcoin market the boost it needs. Thanks for sharing.