More confirmation of the massive Bear flag pattern from my last post is made after the price rejecting off the top of the flag pattern around the .35 cent level. This flag, if not broken, has a ream pole extending down to the .18 cent level.
HIVE's next price leg may be dipping back into the 18 cent honeybot.
Looking at the long term chart above, it looks like we're way overdue for a giant pump, but according to the current state of a bear flag technical analysis perspective it's likely that we just skipped the bull run this time around. Most crypto enthusiasts still remain hopeful though, there is a greater than normal chance that we break up and out of this bear flag and resume one more final pump to conclude the post halving crypto altcoin rally. This has been the pattern of the past, and crypto history has a way of repeating.
What do you think, will HIVE finally break out from these bearish patterns? Any enlightenment on the price of HIVE in the future is welcome in the comments below.
Image Above Credits: Asking AI to create me a HIVE Wall Street Cheat sheet on Fotor AI.