Hello everyone,
I wanted to share an update on the current state of Hive. 🚀
Source:
Graph data source 👉 binance.com
Fear & index data source 👉 alternative.me
hive other data source 👉 coingecko.com
Data
🥇rank: 303
📈 Cap: 300006100 usd
📊Vol: 1561073560 usd
24H 60.68688%🟢
7D 38.49991%🟢
30D 99.24635%🟢
For more information, you can visit the following links:
🔗 Hive
🔗 Hive Explorer
Actual Bitcoin fear & greed index:
HIVE/USD Market Analysis.
- Current Trend: Bearish (Cloud color: 🔴)
- Tenkan-sen: $0.5243 (Price above)
- Kijun-sen: $0.5144 (Price above)
- Support Level: $0.384275
- Resistance Level: $0.4021
- ADX: 45.28 (indicating a trend strength high)
- RSI: 90.96 (indicating overbought)
- Volume Strength: 720.81%
- Annualized Volatility: 84.37%.
Interpretation:
The current price of HIVE is located above the level of the Ichimoku cloud,
indicating a trend bearish. With a volatility of 84.37%, it is advisable to monitor the price levels around the
Tenkan-sen and Kijun-sen to detect signs of strengthening or possible reversal.
The MACD shows increasing bullish momentum, suggesting that the strength of the trend may be increasing.
Personal Considerations:
At the moment, the HIVE market looks weak, with the current price ($0.6516) below the Kijun-sen ($0.5144).
This indicates a potential bearish phase. In addition, the presence of the price below the Ichimoku cloud reinforces the
negative trend, suggesting that the bearish is still in control.
With a volatility of 84.37%, the risk of downward movement remains high. It is important to pay attention
to key support at $0.3843 and evaluate any signs of reversal.
For now, it is best to be cautious and watch if price can find support or if it will continue to lower levels.
Link of analisys: Bitcoin-Fear---Greed-Index---Historical-Data
Link of volume analysis: Hive-Volume-Analysis