It looks like the hive price is not getting good for now. It's currently showing a lower high and forming a Head and shoulder pattern. But, as long as the support level on 0.500 is not yet break down, the confirmation that the Hive price would be on down trend reversal is not yet confirmed.
Although, this kind of move in Hive price doesn't concern me since I'm here for the long term. I just bought my initial Hive for me to start with good HP on Hive.blog. Getting the price low is good for me since it can help me to buy more Hive and add it as Hive Power.
The lower the better guys! for me and those long term investor that are believing that Hive is a very innovative cryptocurrency and decentralized technology among all of the other cryptocurrency coin there. I still believe that Hive is a great longterm investment for me and would give me a tremendous returns in the future in terms of compounding, participating in Hive social media and Price appreciation.
There's nothing like this before, only Hive! (Steem but it's not as active as before) Where you can post and share your content like what we're doing on Facebook, twitter and other social media. But here, we're getting paid. Without any conditions! without applying to be monetized first!
As long as people learn or happy on your post. They can upvote it and everybody will be happy. One of the best example of balance. Also, unlike other cryptocurrency, Hive are having multiple projects. Our witnesses here are so active that it's creating more and more innovation for the future.
I still believe that Hive will be a great competitor of Facebook and Twitter in the future.
Happy investing! :)