Hive price touched support line which is coming from March. I shared lots of post and said Hive price stuck between support and resistance lines. It is time to make decision to determine the direction of the move..
Here you can see daily chart of Hive. There is great resistance coming from August 2022. It is very hard to break up this resistance. Even we are in mini bullish season, I think we dont have enough power to break up this resistance...
What if Hive price can not break up resistance? Hive price will break down support line and we may see drop on the price.
Here you can see Indicators for Hive price chart. MACD and Fisher Indicator is ready to reverse. While Hive price is on support line, It is very hard to support the price..
So, we may see drop on Hive price chart. Hive price may not stay on 0.4x level in a few days.
We will see..