Has the Downtrend Cycle for HIVE Ended?

In the world of cryptocurrencies historic bottoms don’t come every day
Today HIVE stands at its deepest point in 4 years – price at $0.1243 below the 100-week moving average, and the Relative Strength Index (RSI) at just 21.5.

But history repeats itself.
Every time the weekly RSI dropped below 25 HIVE witnessed dramatic rallies in the following months.
This analysis is not just numbers — it’s a story of potential transformation from despair to recovery.

Since April 2021 when HIVE reached $3.40 a long downward journey began inside a clear descending channel.
The price gradually declined tested successive supports and finally hit the 0.11 – 0.107 zone twice in 2024 and 2025.

Now?
The price is at the channel bottom, touching the 100-week moving average from below and screaming oversold.

The Indicators Tell One Story: “The Weakness Is Over”

1. Weekly RSI at 21.5 – A Rare Signal

This level only occurs once every 2–3 years.
In the past:
- 2020 (RSI 23): Rally from $0.08 to $0.40 (+400%)
- 2022 (RSI 19): Surge from $0.18 to $0.56 (+210%)
Now? RSI at 21.5 — the strongest buy signal in years.

2. MACD: Bearish Momentum Is Fading

The MACD line is still negative but the histogram is narrowing rapidly.
This means: The bears are losing strength.
A bullish crossover could occur within 1 to 3 weeks — marking the start of a new wave.

Price Pattern: Double Bottom in Formation

The chart clearly shows two matching lows at 0.107 – 0.110:

First bottom: Late 2024
Second bottom: Late 2025

The Three Scenarios – What Will Happen?

Scenario 1: The Major Reversal (60% Probability)

Trigger: Break above 0.13 + weekly close above it
Path: 0.165 → 0.36 – 0.37
Reason: Extreme oversold + double bottom + shifting momentum

Scenario 2: Quiet Accumulation (25%)

Price stays between 0.11 – 0.107
Extended accumulation phase
Ideal for long-term investors

Scenario 3: Further Decline (15%)

Trigger: Break below 0.11
Target: $0.08 or lower
But? Extreme oversold makes this unlikely

Conclusion: A Once-in-a-Lifetime Opportunity

Factor	Reality
Price	Channel bottom + double bottom
Indicators	Historic oversold + weakening momentum
Pattern	Ready for upside breakout
Opportunity	First-class