In this post discussion, I will share the chart analysis of hive USDT according to one day, 4 hour and 15 minute time frame and will tell you the possible moves of the hive in the coming days.
Yesterday we see a huge price pump taking the price to the level of 0.35 which was around 55 to 60% pump and that was really amazing.
But what we need in hive is to keep the price upside.
Unfortunately the price again dumped and now reaching the level of 0.23 which is it's a support level according to one day time frame.
If we see a good price momentum again in BTC or a stable momentum, then there's an opportunity that the price of hive will go up again to reach the level of 0.3178.
For hive, if in case the price does not hold at this level, then the next support level for hive will be around 0.218 and then if in case of continuous fall, we will again once again meet the level of $0.165.
According to 4H time frame, the price of hive is rejected from this strong support level and is now moving towards another levels of 0.26, similarly 0.29 and 0.34.
These are three levels for hive if in case the price reverses back towards its bullish momentum.
There is more possible chance for hive to go upside again because it is much stronger support.
According to 15 minute time frame which is a short range and for those who want to do trading, here's again you will see that it's price is standing at its resistance level.
Also we have a fair value gap at around 0.246 which it can test this level as well.
I have shown in the chart this fair value gap and there's a possibility that the price will go and reach this level.
Overall, I will say that hive bullish momentum has started and it may go upside to reach the level of 0.35 and in the coming months may be reaching its strongest resistance level that is 0.5.
A high volume is needed to break this 0.5 level, the next target will be 0.75 and then $1.
What do you people think about hive price? Do you think the price will reach $1 by the end of the year, will be glad to see your answers in the comments section.
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IMAGE TAKEN FROM TRADING VIEW
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No chance we hit $1.00 before year end. Action is weak. .23 holding is not certain at all. I’d need to see .22 hold for more then a few weeks before I could even think about .23 holding. We had one bounce off .23 past 36 hours, I don’t see how .23 is support at all. .21 more likely to be tested again bext few days.
Not seeing where .23 was support at all. Just one bounce of it past 24 hours, that’s not support building.
!PIMP
One hour later…….