@jaster family Greetings to all Hives Friends.The current state of the Hive market and what we can do:
The entire crypto market is currently under some kind of pressure. From Bitcoin to Altcoins, red candles dominate almost everywhere. This downtrend has also affected the tokens of the Hive ecosystem, which we can clearly see in the recent charts. The current overall weakness in the crypto market has also affected the tokens of the Hive ecosystem. If we observe the chart below, we can see that STT has gradually formed a bearish structure in today's session.
Intraday Selling Pressure At the beginning of the day, the price drops quickly, making it clear that the sellers were active from the opening.
Lower High Formation In the middle of the price, the price tried to recover somewhat but could not break the previous high level. This usually indicates poor purchasing pressure.
Sideways to Downward Move Afterwards, the price has moved slowly downwards in a narrow range, which indicates an uncertain market sentiment.
Short Candles & Wicks There are several small candles that show that there is still a lack of strong guidance in the market.
There is no opportunity to look at this movement in isolation, because—
• The overall crypto market is currently under pressure
• Bitcoin dominance is relatively strong
• Low volume in Altcoin and Hive-based tokens
These reasons combine to show such behavior on today's chart.
Hive is not limited to price charts.
Content creation ongoing
Community engagement active
Power up and long-term participation ongoing.
Times like these usually create good opportunities for observation and learning.
Today's chart tells us only this—the market is still undecided, and patience is a key ingredient here.
Hive Prices will fluctuate,
but Hive's strength is its community and consistency.
🐝 Happy Hiving 🐝
✍️
