Hello Crypto-world!
Today is February 27, and we are just one day away from closing the second month of 2025.
This marks my first post since I upgraded to premium yesterday. I’m diving into HIVE and LEO, as I believe these two coins within the Hive ecosystem hold great potential for the future, especially when we adopt a long-term perspective. For now, I’ll review their charts.
Analyzing HIVE and LEO
What surprises me is that LEO appears to be stronger than HIVE. Over the past month, LEO has shown a period of lateral movement against HIVE.
Let’s take a look at HIVE.
At the beginning of February, HIVE fell below the critical support level of 0.36 USD. Currently, HIVE is priced at 0.289 USD, continuing to show a correction tendency. The crucial question is: where is the floor? We need to keep an eye on the 25 cents mark, as it acts as significant support. If this level fails to hold, we may find ourselves uncertain about how low it could drop and when it might stabilize.
Examining the moving averages (99, 25, 7), we see that they are inverted, indicating a bearish trend for the time being.
Now, let’s turn our attention to LEO.
Today, the value of LEO against HIVE stands at 0.0699 HIVE. Throughout February, LEO has maintained a stable level with lateral movement, which I believe is a positive sign. This consistency presents an opportunity for individuals to continue acquiring more LEO, balancing their investments with the understanding that prices may still decline.
Unfortunately, I cannot see the moving averages on the LEO chart; however, this information is visible on Hive-Engine.
In the meantime, let’s stay active and focus on generating more LEO and HIVE.
That’s all for now.
Thank you for your support and for following my journey!