The current price of hive is a prove that the hive blockchain can still get better,it is an evidence that the hive can still go back to its previous price before the downturn that happened for a very long time now...
The hive price can still reach $3 before the end of this year,its monthly chart shows that the bulls are still holding strong on the market and the bears are currently unable to conquer the bulls..
Though right now,there is a form of retracements going on as expected,but it shows that the hive price will still restest the $1.15 price mark again,and a break above it will make the hive price to reach the next resistance level which is at $1.7 but if the price is unable to break the $1.15 then it would bring it back till the bulls have a higher force to break the price wall...
The volumes on the hive market is increasing massively this is an evidence that there might be a possible crazy price movement on the market,so we should expect alot of volatility on the market...
But we can only predict the market but we cannot be very certain of the future behaviour of the traders on the market,they might later take decisions which can ruin this analysis...
Thanks for reading...