HIVE Rises More Than 30% While Many Cryptocurrencies Are In The Red

While many cryptocurrencies, especially Bitcoin, were in the red, HIVE rose more than 30% to reach $ 0.68. After the rapid rise, it was rejected at $ 0.68 and declined to $ 0.6. Despite this, it seems to have gained 21% in value compared to yesterday. Currently, HIVE is trading at $0.6. If HIVE can form price supports above $0.6 and stay above $0.6, it could retest the $0.68 resistance. On the other hand, if it is also rejected at $0.6, it could return to the $0.5 price support. Frankly, these increases show that HIVE is quite strong despite the bear market.

Hive likes to make rapid rises by drawing long green candles some days. It seems clear that this is due to high volume purchases. At the moment, with the price adjustment, it may decrease a little more, but it can be clearly seen that the demand for Hive is quite high. Although we are currently in a bear market, this rise is quite remarkable. Today's rise shows that in the bull market HIVE can reach incredible highs.

Frankly, I am very optimistic about HIVE and I believe it will reach much higher levels in the future. Those who seize opportunities in the bear market seem to be able to make huge profits in the future. It is not yet clear when the bear market will end, but I think it is not far away.

How high do you think HIVE can reach in a bull market?

Posted Using LeoFinance ^Beta