Hello dear Q&A community. I hope you are fine.
As you know, there have been sharp price movements in all markets since the beginning of this month. I've been into trading lately. I tried to adapt especially when it comes to trading in stocks and cryptocurrencies. I still continue to trade. However, my eyes were on the community. I think I took too much time off. Now it's time to go back :) I ask the first question that comes to my mind. Our question is of course related to Hive :)
In which direction will the Hive price move in the next month? Do you think we have an uptrend ahead of us? Or is the bear market still dominating? Can you provide a Hive price estimate with your reasons?
I'll add a price chart below that I've been following.
I will be with you with more questions in different fields. I'm already curious about your answers. See you later.
What do the Fibonacci's tell us? I think still bearish or?
The situation is very positive for Bitcoin. However, there is still no clear signal for altcoins other than ETH. It is expected that money will enter the market.
Thanks, this is my reading of the market right now. I would like to see another dip in alts before buying but maybe I am being too greedy! lol
Based on the past few months, I see a general uptrend for Hive with small dips here and there. The bear might still be here but its influence is no longer strong imo.
I think so too. There may be some time for ascension. However, bottom formations seem to be completed.
I think the price of Hive will go up the way BTC did when it moved from 15K to almost 30K, nobody expected it to move that fast, although the movement came slowly and it arrived to the price very fast.
Yes, I also think that could happen too. A big jump to over 60 cents and a slow climb afterwards.
Hive just seem to hover around 0.35-0.45.
There doesn't seem to be enough buyers for it to go even higher. Hopefully, the market will start to revive now.
I think we haven't exited the bear market yet, I think HIVE will go back to $0.25 in the next 6 months. OFF TOPIC: Did you delegate 500 LEO tokens to me? I realized this today by taking a look at the LEOFI platform.
You are right. The inflow of money into the market has not yet started. But technically the situation started to turn positive. I hope the money inflow starts and supports the technique.
I renew leases regularly at Leofi. However, in some cases, it may display incorrectly.
Thank you for your further comment and clarification on the situation. I will start following you on HIVE. !CTP
There are important developments in Hive, especially from Splinterlands. Tower Defense game Soulkeep and Football Strategy game Genesis League Goals will launch in a few months. Also, by the summer, Splinterlands Land will be playable. These developments have already had a positive impact on card prices and DEC. On the other hand, Ragnarok and Psyberx are also important games that will come into play this year. I expect games to positively impact the Hive price because the Hive infrastructure provides a very good environment for game developers. I believe the price developments will be compatible with the general altcoins. The rally in Bitcoin and Ethereum has not yet been fully reflected in altcoins. I see 50 cents as the first target.
Posted Using LeoFinance Beta
I am also hopeful for projects using the Hive blockchain infrastructure. In particular, games will promote the blockchain. Splinterlands token volumes are starting to increase in Hive‐engine. But liquidity pools are still dormant. I think there will be a revival in the coming weeks. Former Hive users need to hold above $0.5 and make upward attacks to start returning. The $1 level will be psychological resistance.
I think nearly $0.52 is a good price target. That's the resistance in my uptrend channel.
I am also waiting for a move above the $0.50 price. I hope it stays there. Also, thank you for the chart.
You're welcome. I plan to sell some HIVE once it touches that price and will buy back when it pulls back. Though the return is small, I have been successful in several trades using this strategy.
Post voted 100% for the hiro.guita project. Keep up the good work.
New manual curation account for Leofinance and Cent