20% correction expected for Hive

Hive is extremely bullish and its price has been increasing for the past few weeks. Yesterday, we saw its price pump by more than 50%, which surprised everyone. The good thing is that Hive is being discussed all over Binance feed, and many traders are focusing on Hive, wanting to invest in this coin.

Many investors have bought Hive coins and are waiting to sell them during the next pump to take profits. There's no doubt that Hive is bullish in every time frame, and its price might reach $1 in some time. However, a correction will come before that.

Since Hive's price has pumped by 50-60%, a 20-30% correction is possible. This is a good opportunity for those who have liquid Hive to sell 50% of their holdings and buy again after the correction.

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This pump has come from the Korean exchange. Remember that when a pump comes from the Korean exchange, the price doesn't stay up for long and corrects quickly.

The good thing is that the volume on Binance is also high, around 230M, indicating that many investors have collected this coin.

Currently, the price of #Hive is $0.55, and I think it will go down to $0.49 and stay there for a few days. This will strengthen its support at this level.

Therefore, those who have liquid Hive should sell it now and buy it again at a lower price. Never sell your entire holding, as Hive is very bullish.

This is my analysis and not financial advice. Everyone will be responsible for their own decisions.

In my opinion, Hive will go down to $0.45-0.49 and then we will see a new rally that will take its price to $1. Do you agree with me? I'd be glad to see your answers in the comment section.

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IMAGE TAKEN AND EDITED IN CANVA

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