Hive Coin is showing some good momentum from last week where we see two big pumps within just 15 days. Last night we see another huge price pump in Hive and a good volume is seen.
Taking the price upside to around $0.33 which was around 32% price rise. Right now at the time of writing the price of hive is $0.2930 which has came down by around 12% from its high .
Just in period of 10 days we see huge spikes in Hive showing a good momentum for Hive, which means that investors are now taking interest in Hive as well and they are investing slowly.
I told in my last post about Hive analysis that another price spike will help the investors get confidence and to start investing in this coin.
According my guess, #hive will reach the level of 0.35 which was its last spike where you can see in the chart. It will surely make a double bottom and after that there is more possibility that it may break up this level and will reach to 0.40 and that's our next target.
The only thing we need is to hold a good volume and also the price must not drop from this level.
If we see these two things in hive, then surely a good chance will come for the hive to reach the next level of 0.4 and that will be more than 30% rise once again.
When I find hive reaching the level of 0.3, I had some liquid hive where I decided will be the best time to convert into HBD and once the price of hive drops, I will again convert to hive.
I had around 275 hive which I converted to HBD and I'm now waiting for the price to reach at least 0.26 and that may be possible for hive to go.
Once I see the price reaching 0.26 I will again convert to hive and will wait for another huge pump.
We are on the bullish phase and in 2025 all the altcoins will be much high including hive, so it will be the best time for accumulating slowly and investing step by step.
Do you guys get the benefit of hive pump which happened last night? Do you sell some of your coins? Will be glad to see your answers in the comment section.
I hope you find this post useful and informative. If you do, please remember to reblog it so that it reaches as many people as possible and that they can benefit the most from it. Also, remember to upvote, which will help me financially and grow my account.
IMAGE TAKEN FROM CANVA
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