HIVE trading at $0.22

4 comments

Its really strange to see #Bitcoin is strong as rock but other crypto coins are going down day by day. I could not believe that #hive will even go down below $0.25.

About #hive it was my thought that its price will not go below $0.25 which is its strongest support as well but unfortunately the price has gone below this level which may be the end of bear trend for hive.

Now the question is, will hive hold this level or it has the chance to go further down. According to my analysis #hive can go down to $0.18 and that will be its last price.

After that a huge recovery will be seen. The good thing about #Hive is that more than 30% of the Hive coin is locked which will prevent for further crash.

An average of around $0.18 hive is being staked which will help the price to give a good rebounce.

In only case it will further drop if #hive users get panic and start doing power down for selling.

In other case, its low price will be $0.18 which it will hold very strongly. The only reason for #hive is, BTC dominance which is rising on daily basis.

Once #BTC.D will start coming down, #hive will get a good recovery towards $0.5

THANK YOU!