Let's quickly make some quick analysis concerning what we might need to expect on the hive market in response to the whole current condition of the crypto market ..
The bull/bear power is a powerful indicator which can help one to have an idea on the strength of both the bulls and bears on the market at any time-frame you put it on..
The RSI is also another wonderful indicator too , they are both displaying signals which shows a bullish one but price is king , the trend determines the strength of the signals.. .
The hive price is at the current price of $0.49 price zone , for the past 24 hours the price of HIVE kept ranging from $0.50 - $0.52 and it seems that there is a strong resistance waiting at the price of $0.585 , and it is a critical price level that one needs to watch out for to see how bullish hive can go at the moment.. .
If the hive price can break the $0.58 , then it would make it easier for it to touch the next resistance level which is at $0.657 and another one which is at $0.697 ..
For the long term bullish sentiment to be confirmed on the hive market , the hive price needs to break the current fifth resistance level which is at $0.776 , a break above that price could lead hive to his new ATH or at least go back to its previous ATH ..
I expect a relief rally on the hive market at this moment and one needs to watch out for hive because it seems the coin have the potential to still experience great price movement no matter the general conditions of the crypto market..
Whichever way It is , we should always DYOR and make sure that we employ good risk management because as they say , nothing is always guaranteed on the crypto market..
But so far so good , I am bullish bias towards the HIVE market and I believe we will see a bullish hive before mid-october and it will run through the end of this year but with a low volatility anyways.. .
I think it will be around 2023 before we can see any major price movement which would make hive reach its previous ATH or make a new ATH..