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: 469
📈 Cap: 125477065 usd
📊Vol: 123069907 usd
24H 11.05987%🟢
7D 13.28808%🟢
30D 44.18047%🟢
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: red)
- Tenkan-sen: $0.2845 (Price below)
- Kijun-sen: $0.2757 (Price above)
- Support Level: $0.2402
- Resistance Level: $0.2734
- ADX: 27.16 (indicating a trend strength high)
- RSI: 70.31 (indicating overbought)
- Volume Strength: 761.76%
- Annualized Volatility: 55.05%.
Interpretation:
The current price of HIVE is located above the level of the Ichimoku cloud,
indicating a trend bearish. With a volatility of 55.05%, 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 ($0.2774) below the Kijun-sen ($0.2757).
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 55.05%, the risk of downward movement remains high. It is important to pay attention
to key support at $0.2402 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.
The MACD shows increasing bullish momentum, suggesting that the strength of the trend may be increasing.
Link of analisys: Bitcoin-Fear---Greed-Index---Historical-Data
Link of volume analysis: Hive-Volume-Analysis