It's been sometime since I shared a analysis of any hive ecosystem token so today I am here with a analysis for the hive coin itself. If you are updated with the market then you must be aware that hive has broke $0.4 resistance today just few minutes ago it happened before I started writing this blog. That is actually a good news for the poeple who have believed on hive blockchain and so let's have a look at the chart for hive below.
The chart above is for last 1 year and we took that to see the resistance it broke, we can see that it has broken a long resistance and to exactly know that I will share a zoomed in pic from the date when hive was last observed at this price range. Note this that this breaking can be a turning point for hive price. It can reach 0.50 easily in my opinion, let's see how quickly will it climb now to know what will be the next target resistance.
Above pic shows that in May 2023 we observed the 0.4+ price range so yes we can say that approximately 10 months of resistance is broken today. The bull run is on the verge and I believe hive will shine when we are in the bull run after the halving and historic dump. The reason why I am counting on hive is because alt season is not yet started and hive still has time to cross some number like 0.5-0.6 and if that happens everything is gonna stay good for hive.
A huge money will flow in to the market and when the alt season arrives we all can smile seeing our hive holdings. How many hive do you have? I have some hive in power up and some in liquid form at binance as well, I am all good with my numbers, I have achieved my target for hive and I just have to wait for the legendary run now, what about you?
Thank you
I don't have much Hive as I am investing in alt tokens where there is daily returns.
Then I can have more Hive soon.
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