HIVE rallying
Guys, it feels good these days with HIVE rising in price. We are back at $0.40 which is an increase of +180% from the cyclical low which we saw at $0.14 in summer.
Next stops
The next important barrier is the $0.50 area. If we can surpass that it would be a very bullish sign. After that there is another resistance zone at about $1.20. If we can also slice through that, then ATH at $3.41 would be next target.
My expectation
I still still don鈥檛 see where the big hype we saw 2021 should come from and therefore don鈥檛 see us climb above $3 this cycle. I may be wrong since HIVE market cap is with currently 200 million USD small, a few big orders could move price quite a lot. But its imo rather unlikely. My base case is that we see HIVE top out somewhere between $1-2.
What do you think? Will HIVE achieve a new ATH this cycle? Maybe reach the magical $5?