Hive Price Update

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Hive has had an incredible run and I don't think it is over by a long shot. As of writing this post Hive is trading at $0.80 and it's sitting above the 100 moving average which after a bit of consolidation will hopefully act as support around the $0.75 level.

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On a 1 week basis hive is a buy overall with it being a strong buy based on moving averages and sell based on the oscillators.

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Looking at the channel we have been trading in I'd expect that we breakout to the upside and retest the $0.85 level. The RSI is pretty neutral which is a good sign that we can have upward movement.

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If we break below the mid line of the channel we will test that 100 SMA around $0.75 which is possible based on the neutral RSI. However, I think there is a lot of bullish momentum for HIVE at the moment. We have the LEO bridge, HPUD and CUB which all help Hive's price action.

Hive Price Update | Ecency