Yes. The probability of rejection at resistance is high indeed-not bad as there's more time to accumulate. The BTC volatility will shake up the alts for sure however you must consider the daily gain.

Today at the time of making this comment and 45 mins from the next open, HIVE is still 3.3% up while many other top alts have bled. BTC itself had a total range of around 3% but is at around 0.70%.
Therefore, this is definitely a positive indication from an intra-day perspective that the price is trying to rise incrementally day to day despite the pressure from BTC pushing it down from the intra-day high.

This has an effect on the overall trend when the daily candle closes. But if you notice the time frame on my chart, they are all higher time frames. The trend needs to be mapped on a larger scale. Intraday movement is not very relevant unless one is day trading. Also, the lower the time frame, the choppier it gets with highly volatile tokens like HIVE.