After the sharp drops in the crypto market, Bitcoin is drawing a stable chart around 30K. As the bears struggle to push the price down, the bulls do not allow it. On the other hand, while some cryptocurrencies are vulnerable to sharp drops, HIVE remains quite powerful.
Bitcoin (BTC) is currently trading at $ 30342. When we examine the hourly chart, Bitcoin has been moving around 30K for a few days. It also seems to be very important psychologically in the 30K. There may be a break around 30K in the coming days. If the support here can be maintained, Bitcoin may move towards $ 31,500 in the coming days. There is a huge resistance around $31,500, where Bitcoin needs to break before it can enter a new uptrend. If the bears manage to push the price down, the next support is at $28,400. The major support is at $28,000. If the supports here are not maintained, Bitcoin may fall even lower.
In this month of sharp declines in the crypto markets, we have seen that some cryptocurrencies are vulnerable to these falls. Unfortunately, some cryptocurrencies and stablecoins have failed. HIVE and HBD have proven to be among the strongest cryptocurrencies. They were among the assets least affected by these sharp declines.
HIVE is currently trading at $0.51. Frankly, I expected HIVE to drop to $0.3 during these sharp declines, but it didn't. I can honestly say that it performed better than I expected.
Similarly, the Hive Backed Dollar (HBD) is proving to be one of the strongest stablecoins. I was amazed by the performance of #HBD these days when some hard coins are having a hard time. Honestly, HBD should be appreciated for being so powerful.. Although the media ignores this excellent performance, those who follow the crypto markets can clearly see HBD's strong stance.
Similarly, #Polygon #HBD (PHBD) has been one of the top performers in the crypto market. The fact that #PHBD is very close to 1 dollar shows that PolyCUB is working very efficiently and successfully. Click for more information about Polygon HBD (PHBD). PolyCUB is a DeFi 2.0 yield optimization platform. To view the opportunities on #PolyCUB : https://polycub.com/
Everything seems to be going well on the HIVE side and looks pretty strong in the crypto market. Although the media ignores it, HIVE will be appreciated in the future. And it is impossible for those who really follow the markets not to see HIVE's performance. HIVE's success today is promising for the future. I think #HIVE will perform much better with the widespread use of WEB 3.0.
These are my thoughts, what are your thoughts on this?
I do not give financial advice. My posts are my personal opinion. You should do your own research before investing.