A Good Profit-Taking Opportunity for Hive Traders
As fast as the price of Hive increased, in the same way the price of Hive came back down. At the time of writing the price of Hive is $0.096.
Yesterday was a very good day for Hive and it was best for those who did profit taking.
We saw that the price of #HIVE reached $0.12 which was almost a 20–25% pump. The volume was also increasing but in the end I saw that selling pressure started.
As far as I have noticed the main reason for the #HIVE pump is volume. If the pump is real then its volume increases very fast but if the pump is fake it stops at a certain volume.
Yesterday I saw that the volume went up to 9M and after that it started to decrease. I understood that the price was overbought and from here it would come back down.
Exactly the same thing happened. After pumping 25%, the Hive price could not hold its position and due to profit taking and increased selling pressure its price came back to the initial level.
Anyway this was a good opportunity for those who did profit taking and then bought again at a lower price. Hopefully 2026 will be a very good year for #HIVE investors.
THANK YOU!
