Looking at the $HIVE/USDT chart since September 2022, we can clearly see a repeating pattern of strong rallies followed by deep corrections — a rhythm of excitement and exhaustion that has defined the token’s price action for the past two years.
Technical Overview
- Current Price: ~$0.183
- Major Support: $0.17–$0.18 (tested several times since mid-2023)
- Resistance Levels: $0.22, $0.25, and the stronger barrier around $0.30
- Trend: Long-term downward bias since the sharp rally peak near $0.70 earlier in 2025
After that explosive move above $0.60 in early 2025, $HIVE entered a clear correction phase, losing momentum as volume tapered off and buyers became cautious. The token has since settled into a consolidation range, hovering just above key long-term support near $0.18, which now serves as the battleground between bulls and bears.
Key Observations
- Volume Decline: Trading volume has dropped notably since April 2025, signaling a lack of conviction from both sides. This often precedes major moves.
- Momentum Flattening: Daily RSI and MACD suggest the bearish momentum is weakening — not yet bullish, but likely nearing a bottom zone.
- Historical Patterns: Similar consolidation periods (late 2023, mid-2024) were followed by 2–3x rallies once volume and sentiment returned.
What’s Next?
The $0.18 zone remains crucial. Holding this level could set the stage for a reversal, with an initial target around $0.22–$0.25 and potential for expansion toward $0.30+ if broader market sentiment improves (especially Bitcoin and major alts).
However, a daily close below $0.17 would invalidate this bullish setup and could trigger a deeper retracement toward $0.15 or lower.
📊 Bias: Neutral to cautiously bullish (if $0.17 support holds)
⚠️ Risk Zone: Breakdown below $0.17
🚀 Upside Targets: $0.22 → $0.25 → $0.30
Much like its sister token $STEEM, $HIVE seems to be in a quiet accumulation phase — patient investors may be watching for the next volume surge to confirm a true trend reversal.