Hello everyone,
I wanted to share an update on the current state of Hive. 🚀
Source:
Graph data source 👉 binance.com "
Fear & index data source 👉 alternative.me
hive other data source 👉 coingecko.com
Data
🥇rank: 498
📈 Cap: 86489061 usd
📊Vol: 3645466 usd
24H 4.55371%🟢
7D 0.70682%🟢
30D -3.17662%🔴
For more information, you can visit the following links:
🔗 Hive
🔗 Hive Explorer
Actual Bitcoin fear & greed index:
HIVE/USD Market Analysis.
- Current Trend: Bearish (Cloud color: rosso)
- Tenkan-sen: $0.1810 (Price above)
- Kijun-sen: $0.1772 (Price above)
- Support Level: $0.1630
- Strength Level: $0.2420
- Annualized Volatility: 22.72%.
Interpretation:
The current price of HIVE is located above the level of the Ichimoku cloud,
indicating a trend bearish. With a volatility of 22.72%, it is advisable to monitor the price levels around the
Tenkan-sen and Kijun-sen to detect signs of strengthening or possible reversal.
Personal Considerations:
At the moment, the HIVE market looks weak, with the current price ($0.1890) below the Kijun-sen ($0.1772).
This indicates a potential bearish phase. In addition, the presence of the price below the Ichimoku cloud reinforces the
negative trend, suggesting that the bearish is still in control.
With a volatility of 22.72%, the risk of downward movement remains high. It is important to pay attention
to key support at $0.1787 and evaluate any signs of reversal.
For now, it is best to be cautious and watch if price can find support or if it will continue to lower levels.
Conclusions:
If price continues to respect the support and resistance levels defined by the Ichimoku cloud, the trend could maintain
its current direction. However, a break of Tenkan-sen or Kijun-sen to the downside could signal potential
weakness in the market.
Link of analisys: Bitcoin-Fear---Greed-Index---Historical-Data
Link of volume analysis: Hive-Volume-Analysis