Hive continues its great bullish reboot

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As I mentioned in the previous post the cryptocurrency market shows healthy signs, if we analyze the stable behavior that BTC has maintained during the last 7 days (at the time of writing this publication the price was above $56,000), a highly favorable scenario that has given opportunities for the rest of the cryptocurrencies to recover, such is the case of #HIVE that in the last week maintained a sustained bullish behavior.

Fig. 2 Crypto market shows healthy behavior, BTC has been oscillating in a latera channel and currently shows a price above $56,000. Image captured from: Coingecko.com

#Hive has been showing a constant bullish behavior with slight corrections, however, after surpassing 0.541 dollars, it began an exponential climb to reach 1.04 dollars.

Fig. 3 According to the Coingecko portal, in the last 24 hours Hive reached a maximum price of 1.04 dollars. Image captured from: Coingecko.com

To close it is important to note that even though the behavior of #HIVE in the market is very favorable fundamentally because it has been reacting well to Bitcoin corrections, one should be cautious when trading as the price after reaching $1.04 has been making corrections finding support between $0.81 and $0.83.

OBSERVATION

✔ The cover image corresponds to a screenshot taken by the author: @lupafilotaxia from: BINANCE

Posted Using LeoFinance Beta

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How long do you think this "stability" in its price will last?

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(Edited)

Greetings @exyy thanks for visiting the blog, from my perspective as long as BTC remains stable near $56.000 HIVE price will be a couple of days bouncing above $0.80, then correcting and positioning above the $0.50 support line. Best regards.

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