Bottom finally in?
The past weeks have shown a quite nice reversal of HIVE price. After the cyclical low of 14 Cents in August we climbed back +35% to almost 20 Cents now.
The daily chart is showing a nice upwards trend since September and on the weekly chart it seems that we could have the bottom in. Finally. Hopefully.
Next steps
Shortterm the 24-26 Cents is a barrier but what we really need - and I have written that before - is a dynamic climb above the 50 Cents resistance. That would definitely put us back into bull mode. On the other side we should pray, that we won’t fall further than the 14 Cents. Time will show, fingers crossed. And of course the outcome is deeply connected to the whole crypto market and it’s big driver: Bitcoin.
Fingers crossed that bullrun 2.0 is underway!