#HIVE has been on a downward several weeks after it was listed on futures which brought in fresh liquidity for traders who speculates the market, during those period there was high negative funding rates as the volume of coins needed for traders for margins are limited there buy forcing the price to pump, with over 100 percent of price increase most Hive investors and witness capitalized to the the pump to take profit and also provide liquidity for the future trade and market markers. Analyzing the price behavior of hive/USDT pair we can see it has been moving inside a falling wedge pattern on the daily chart and looks promising as sellers are almost exhausted giving room for price recover as the launch of vsc bridge on hive might be the catalist to propel the price reversal as hive will reclaim some key level. Keep an eye on it. In case of a breakout, the targets are:
🎯 $0.2972
🎯 $0.3713
🎯 $0.4312
Trade carefully and don't forget to use stop loss if you are trading futures.
