Welcome back,
The altcoins saw a dump of 10-15% recently as the tensions between Musk and Trump happened. Bitcoin still looks strong and is holding the support level of 108k USD. For alts almost all of them are again at discounted price and let us look at the chart for our hive token and understand if we are going to stay lower for more days or we will pump back up. In the screenshot you see below the price of hive token is $0.207 and we can look the chart for 1 hour.
We have broken the support on this short time span of 1 hour but things can get good if we are able to reclaim that support in next few hours. That support was last broken 3 weeks back and since then we have traded below it reaching the lowest value of close to 17 cents for our hive token and as you can see in the screenshot we also hit back up till 23 cents from there which is a gain of 35% within 3 weeks of time.
The support we are talking about is also valid for the 4 hour time frame as one can see it in the screenshot below.
Lastly we take a look at 1 day time frame and there you can see that in June 2025 that support was broken and it was broken after almost half a year. The good thing for hive is that we have seen hive pumping back up by 50-70% every time it has reclaimed that support level. It means that we will at least see it going till 30 cents from current value in coming weeks. Let us hope that there will be no bad news so that the charts can do as they show.
Before I sign out and stop writing, I must say that keep a look at the volume that is being coming in the hive token. Almost all the instant pump in hive are followed by significant increase in the volume. Generally it is 4-5 times increase in the volume that takes hive up by 20-30% in a very short span of time and it is the time where you can book your profit and multiply your tokens easily. You just have to be a good observer and doing this thing will not be so difficult for you.
Thank You, stay careful, and Happy Trading Everyone.
Posted Using INLEO
