What we are seeing here in the 1 week chart is a healthy price action with a slow build up for the start of a very strong rally.
While the MACD (1) has already crossed the baseline to the upper positive side, we still have to wait for the MA25 to cross the Ma99 (2), so there should be nothing stopping the rally then. StochRSI (3) is also making a very healthy correction at the moment to prepare for the next swing.
In addition, news is piling up about the demand for alternatives to the well-known social media platforms and BTC is meanwhile moving in a sideways trend, if the rally is not over yet.
After Doge, Steem and Hive could be the next high performers
Hive will follow Steem's price trajectory as its little brother. Steem is the leader of the pack in this story because Steem has a large community from South Korea, where social media activity and interest in new technologies and willingness to speculate with cryptocurrencies is particularly high.
All the hype around Doge in recent months has also come mostly from South Korea.
And Doge has increased !more than two hundredfold! in price and almost the same towards the BTC price since december 2020, just FYI.
So, fasten your seatbelt for what could be the wildest ride of your life. This rally could produce the next millionaires and multi-millionaires.
Good luck and may the good be with you!