Weekend surprise
What is this?! HIVE is pumping double digits out of the blue, rising +20% on a daily basis. As always there is no real news behind, the overall market still consolidating. Only thing we know is that trading volumes are high on Binance, which is the main platform for HIVE (see below). Good news so far and we should be happy about this price action.
Although, the longer term chart pattern is still a sideways movement between 25-50 Cents as I pointed out in this resent post. As long as we don’t break out of this, nothing really changed. We need to break the 50 Cents dynamically and with that change from a sideways to an upwards trend.
Enjoy the ride guys but keep your fingers crossed we continue further and leave this barrier behind!
