Hive price is on great support line. It is on the middle line of Bollinger Bands. Here you can see the weekly chart of Hive price. The Middle line of Bollinger Bands supported Hive price. After getting 4 red weekly candles Hive price got a green weekly small candle. It means price correction may be completed. Hive price is at safe level.
There is great uptrend line on Hive price chart. It is hard to break down these great support lines..
Here you can see the indicators on weekly chart of Bitcoin. MACD Indicator reversed down. Fisher Indicator close to touch great support line. So, it may be possible to see the touch on support line on Fisher Indicator. Even we see weekly close above the middle line of Bollinger Bands, Fisher Indicators uptrend line may support Hive price chart.
So, we may see small weekly red candles on Hive price chart to touch great support line.
It may be time to pick up Hive from discounted price. We may enter mega altcoin season in this year. If we enter, Hive will be the star of possible 2025 altcoin season.
We will see..
Posted Using INLEO
