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RE: Daily Crypto Markets Live Blog: Cryptocurrency Markets Consolidating Before A Big Run? (11/28/21)

in LeoFinance3 years ago

HIVE is holding up nicely, much to my surprise. I expected it to drop down after the enormous move. It still might.

We are ahead the development I feel. Nevertheless, perhaps there are some strong hands moving in at these prices.

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Yea I still think HIVE has a lot going for it and the fair price for it is probably higher. However I wouldn't mind it stalling around the current price so we stay under the radar.

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It got pretty hot very quickly, so a pullback was not unexpected. I believe any further drops will be slow and steady, as we've seen.

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We've still got to get through the power downs that are coming next week. @pablopenguin's numbers from HIVE this morning showed a net of over 3M tokens going back into the exchanges over the last 3 days. It also showed a net deficit in power ups to power downs. Although that number wasn't as great as I thought it would be.

We'll see what this morning's numbers show. I'm still thinking a larger pullback is in store for us but I don't think it's going back to $1. It may just wick below $2 a few times and keep bouncing until the next leg up.

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