HIVE Market Sentiment: Where is the bottom?
Ahhhhh! how I miss those good times.
Do you remember when STEEM (now HIVE) was priced 7 cents?
Do you remember what happened some months after that All time Low?
Personally, I have lost all my faith on seeing again our most precious token reaching 8 USD per unit...sorry for my negative message here but such amount of tokens in the exchanges is something we did not see in the old times...when STEEM, now HIVE, was ranked among the 30 first crypto projects if not better
Probably HIVE is a much better blockchain now than then, we have been able to do impressive things here but we are still invisible.
I recognize that I am really frustrated with HIVE nowadays. HIVE keeps tanking even when BITCOIN and the Market raises. And when the Market goes down, HIVE goes even lower...
I still have the feeling that the "bottom of the pit" is still lower, hopefully I am wrong.
According to COINGECKO's question "How do you feel about Hive today?", seems the sentiment has a trend towards the "Bad" feeling...totally understandable...
The HIVE chart does not provide any hint about the possible grounds despite today HIVE has reached the oversold line condition on the daily RSI indicator...
According to this, and taking into account last time RSI went deeper that line , by the end of June, HIVE should now fall lower, being 0.09 USD a similar level in proportion.
So, I am betting "positively" for 0.09 USD as the lowest ground on which HIVE has to rebound upwards...
Does it make sense to you? What's your bet? Where is the bottom?
- 0.12 USD is the bottom, the Bottom is IN
- 0.11 USD is a good level
- 0.10 USD is the psychological number for many awaiting buyers
- 0.09 USD the RSI indicator never lies :-)
- No way, the bottom is "0"
Answer the question at dpoll.xyz.