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.
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.
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.
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.
