Good day Hiveians!
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In the last post about Hive, we had a target of ~2.2$
I want to update this target due to the market changes that have played out. Back then Hive was at the same price levels as we have currently. However, the big drop to 36 cents was still to happen. Although that was somewhat lower than anticipated, it moved in the familiar fashion we have gotten used to. Ironically, I think this bigger drop also potentially means a bigger top for June. This is the current chart:
As you can see, I expect Hive to stay between 0.6-1$ for some more weeks before making a big push upwards. The market could follow similarly as in March (ovals):
This big push I am anticipating in June (around the time when BTC and ETH peak). The top resistance line coming from March and April (top thick blue line), is quite steep giving us a potentially very high target price. From current price levels this could be as high as 500%.
But this will be followed by a big correction of about 60-70% back to around 1$!
After this there should be a further and last push to 10$ (fingers crossed)!
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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