Good day Hiveians!
Join me in analyzing the crypto markets!
Not looking great
As pointed out on my last post, Hive is currently walking in the footsteps of Steem. If we don't see a change soon, Hive's price could be staying in the 20-30 cent level for years to come (with a brief uptick at the peak of the bull run). When we compare Hive to BTC and the ALT coin market, Hive is at All Time Lows.
- Here is HIVE/BTC: It is at an ATL - a complete loss in value when paired to BTC. While many coins have shared this fate, Hive is still in a downward trend.
- When comparing Hive to the Others chart (ALTs excluding BTC), Hive is also sitting at an ATL.
No wonder my portfolio is underperforming; Hive has been a terrible investment in the last 4 years. There is no sugar coating this. Again, many coins have printed a similar chart, but having invested in many top 100 projects would have prevented what is essentially an almost complete loss.
Hive is still sitting in the fractal I pointed to earlier:
Hive needs to breakout in the "D" or "E" fractal points to recover some of the losses we have seen.
You say there is hope?
Yes, well, sort of I guess. When we look at the charts above we can see that Hive has generally reversed course when it hit the bottom. That is, of course, no guarantee, but it is... hope.
We now probably still have until winter and at most until summer of 2026 to make some serious gains. At best, it would look something like what happened in 2021, but action needs to happen soon. Time is clearly running out. The trend needs to break out of the descending wedge. When it does, I am sure that Hive will overperform, at least for a short time. It will probably be a good time to take some profits then, since we could be looking at a 3-4 year bear market after that...
As a general reminder: Please keep in mind that none of this is official investment advice! Crypto trading entails a great deal of risk; never spend money that you can't afford to lose!
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