Is the bottom in?
It’s hard to say if we really saw the final cyclical bottom last month with 14 Cents for one HIVE. But it seems it could well be. We gained more than +30% in the past weeks and the sentiment within crypto gets better. Rate cuts in the US have started and more liquidity will come back into the markets as the price for fiat money becomes cheaper.
Shortterm I want to see us climb back above 24 Cents which is a resistance there. To get really back into an upwards trend we need to rise above 50 Cents. If that happens we will probably see prices above $1 again. The bullrun 2.0 is getting ready imo with Bitcoin still leading tge way. Oncexwe see new ATHs there our HIVE will follow for sure and rise accordingly.
My expectation for the cyclical top of HIVE is still $1-2 until end of next year. Was happy of course if we‘d see the old ATH above $3 again.
