Hive is just going through the price discovery phase. All assets do that. New assets in a very volatile asset class do that more violently. Current $0.2-03 price range should be a solid foundation and from now on swings should be more reasonable (both up and down).
Plus Hive is almost +200% since April 6 (that's only 2 months) :) So everything depends on the timeline you choose to select.
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indeed, also from a technical point of view the fractal of Hive currently seems to indicate long downward phases with large upward spikes