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RE: $HIVE Technical Analysis - 11.08.2024

in LeoFinance4 months ago

Hive's price trend is disturbing because it seems to drop in tandem with BTC/ETH, but each time there's a sharp down followed by recovery, Hive comes back less, and we end up with a relative loss of ground.

I think Hive is in desperate need of some positive news in its own right, separate from just trailing the rest of the market.

=^..^=

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Alts are never as strong as $BTC or $ETH and $HIVE is now very close to its all time low. We'll see how the upcoming months go, when the "up only" mode will be activated and how up $HIVE can go from here.