🐝 Hive Price Update 0.319$ 📈

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: 379
📈 Cap: 148879335 usd
📊Vol: 3823055 usd
24H 1.58285%🟢
7D 7.9714%🟢
30D -34.29111%🔴

For more information, you can visit the following links:
🔗 Hive
🔗 Hive Explorer

Actual Bitcoin fear & greed index:

HIVE/USD Market Analysis

• Current Trend: Bullish (Cloud color: 🟢)
• Tenkan-sen: $0.3164 (Price above)
• Kijun-sen: $0.3266 (Price below)
• Support Level: $0.3235
• Resistance Level: $0.3276
• ADX: 12.72 (indicating a strength of trend low)
• RSI: 47.20 (indicate neutral)
• MACD: -0.00, Signal Line: -0.00, Histogram: -0.00
• Volume Strength: -55.14%

Interpretation

The current price of HIVE is located below the level of the Ichimoku cloud, indicating a bullish trend. With a volatility of 72.15%, 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

Bullish Trend

• The HIVE market is showing positive signs, with the current price ($0.3189) above the Kijun-sen ($0.3266). This may suggest a bullish trend, and with the Tenkan-sen supporting further upward movement, we may see an uptrend in the coming days.
• However, with a volatility of 72.15%, it remains important to monitor any sudden retracements.
• The current Ichimoku cloud (Kumo) shows a solid structure, with support in the area of $0.3235.
• For now, the trend seems to be in favor of the bullish, but I will continue to follow closely to see if it will hold above this support.

Conclusions

• Given the current price of $0.3189, if it continues to respect the support level at $0.3235 and the resistance level at $0.3276, the trend could maintain its current direction.
• However, should the price break below the Tenkan-sen ($0.3164) or the Kijun-sen ($0.3266), it could signal potential weakness in the market, leading to a possible bearish phase.
• Conversely, if the price manages to break above the resistance level, it could indicate a strong bullish momentum, prompting further upward movement.
• The ADX value of 12.72 suggests that the current trend is weak, which should be taken into account when making trading decisions.
• The RSI value of 47.20 indicates that the market is neutral, providing additional context for potential reversals.
• The MACD line at -0.00 crossing above the signal line at -0.00 could indicate a bullish signal, while a cross below could suggest bearish momentum.
• Thus, traders should remain vigilant and consider these levels as critical points for potential entry or exit strategies.
• Monitoring the volatility, currently at 72.15%, will also be essential, as increased volatility may lead to rapid price movements and changes in market sentiment.

Link of analisys: Bitcoin-Fear---Greed-Index---Historical-Data
Link of volume analysis: Hive-Volume-Analysis