24 Hour Graph
Date: 12/29/3024
Isn't that a pretty sight. Nothing but green mountains. Within the past 24 hours the Hive Token hit highs of over $0.48 USD with some corrections and repositioning along the way. We could be at a pivotal point where the token might further breakout in the upwards direction. But we are also at the point in-which correction might take place. It's times like this that I like to create these small but meaningful posts to remind those who frequent the @rentmoney blog to hedge those bets and never invest/ trade away what you are not willing or can afford to lose.
7 Day Chart
Date Range: 12/22/2024 to 12/29/2024
Looking at the seven day chart for the Hive Token we can see ranges near $0.30 USD leading to today's high of $0.48+ USD. What we can also see is that $0.35 USD seems to be a critical price point. Earlier in the week there was a slight dip below $0.30 but that quickly recovered to $0.30 and beyond. Multiple times throughout the week the Hive Tokens USD value was at or above $0.35. Personally I believe if a short term correction was to happen $0.35 would need to be cracked before I would be worried that a rebound isn't going to take place almost instantly. Making the purchase of the HIVE Token (if it were to dip) below $0.35 a nice thought to consider. With that same train of thought; If Hive were to dip below $0.30, it might be time to fill some bags and wait for the upside to reoccur. This isn't to say the Hive Token won't keep climbing from this point onwards; it absolutely might but one always has to think of the downside if we want to take part in the upside.
One Month Graph
Date Range: 11/29/2024
The Hive Token has seen an upward trend of more than 45% over the past 30 days. If we look at the monthly graph we can see the crucial point seems to be somewhere around $0.30 with most days the token being well above that sales point. With Bitcoin seeming to dip a little from its all time high and the Hive Token hitting the upward trend one does wonder if we are in for a correction. Somewhere around $0.35 as indicated in the seven day graph seems to be a nice resistance point where the Hive Token seems to rise from. If that breaks the next testing grounds as shown by the 30 day graph might be somewhere around $0.30 USD. Of course I'm just some guy on the internet, blogging about a token and am no way a financial adviser. There's lots that can happen between now and the next five minutes let alone the next days/weeks/years so always do your own research before investing any of your hard earned currencies. That's it for now: see you next time, same rent blog; same rent channel.
Hive's Internal Market
------> Recent Trade History
Hive:HBD Trades Only
Disclaimer:
The @rentmoney blog is for entertainment only. All screenshots unless otherwise sourced has come from CoinMarketCap. The Fiat values in this post have also been sourced from CoinMarketCap.
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