Hive Price Touched Great Resistance Coming from the top of 2025

in Project HOPE • 2 days ago

There is great resistance on Hive price chart coming from the top of 2025. Hive price touched 0,70 USD at the beginning of this year and It is going down day by day. Even good news dropped on crypto market two days ago, Hive price went up but resisted by this downtrend line.

Here you can see daily chart of Hive price. After breaking down the middle line of depression zone, Hive price went up and it is on the middle line of depression zone. It stucked between downtrend and the middle line of depression zone. We wil see the decision on Hive price in a few days. It is so possible to see breaking up this downtrend line.

After breaking up this great resistance, we will see price going up on Hive price chart. We should see the top above the top level of depression zone to enter bullish season.

e1.PNG

Here you can see the indicators on weekly chart of Hive price. There is also great resistance on RSI Indicator. When Hive price breaks up this resistance on RSI Indicator, Hive price enters bullish season. MACD Indicator in on the bottom and trying to reverse up. Fisher Indicators is close to the bottom. It may be possible to see bullish trend on Hive price chart in a few weeks.

We need only a few green weekly candles on Hive price chart to see reversing up on the indicators.

e2.PNG

It may be great time and level to pick up Hive. We are close to bullish months for Hive price and crypto market. Hive has huge potential and We can see huge price pumps when bullish season.

We will see..

#crypto #palnet #krsuccess #analysis #trading #hive #projecthope
2 days ago in Project HOPE by
$17.52
  • Pending payout amount: $17.52
  • Breakdown:
        0.00 SBD,
        65.86 STEEM,
        65.86 SP
  • Payout in 5 days
82 votes
Reply 2
Sort:  
  • Trending
    • [-]
     2 days ago 

    @chorock, thanks for the insightful technical analysis on HIVE's current price action! I appreciate you pointing out the resistance level from early 2025 and how it's impacting the price, even with positive market news.

    Your charts are clear and easy to understand, especially the RSI and MACD indicators on the weekly timeframe. It's great to see someone diving into the details and sharing their perspective on potential breakout points. The potential for bullish momentum you highlighted is compelling. I am excited to see how the next few weeks unfold.

    What are your thoughts on the volume needed to confirm a breakout? Let's get a discussion going!

    $0.00
      Reply