- In the last 30 days, the price of the HIVE crypto has been trading in green for 57% of the time.
- Hive crypto price has medium liquidity based on its market cap.
HIVE is the primary cryptocurrency of the Hive Blockchain, a decentralized platform for DApps and online communities. Users stake HIVE for governance and rewards, earn tokens for content creation, and utilize them for resource credits and in DApps/games.
On the daily chart, the price of the HIVE crypto overlaps the EMAs and needs to break above them. Moreover, the crypto price has advanced by 5.17% in the last 24 hours and is currently trading at $0.3549.
The traded volume for the crypto has also advanced by 60.8% in just the last 24 hours, which has resulted in a traded value of $4.905M. Additionally, the crypto’s volume/market cap ratio is 2.79%.
The crypto volatility is also very high at 11.55%, and the fear and greed index further shows greed among the investors. The crypto sentiment is bearish, and the market cap dominance is 0.01%.
The crypto has a total supply of 500.749M HIVE, and the circulating crypto supply is the same. Additionally, the maximum supply of crypto is infinite, and the fully diluted crypto market cap is $177.827M.
The all-time high price achieved by Hive crypto is $3.42, recorded on November 26, 2021. Since then, the price of crypto has declined by 89%, and the lowest price ever recorded by crypto has been $0.08694. The price of the further has advanced by 303% from its all-time low price.
HIVE Crypto Technical Analysis
The Hive crypto price trades inside a symmetrical triangle pattern and is struggling to break out in either direction. Also, looking at the candlestick pattern, the most recent scenario indicates bullishness as the crypto price has broken the high of the doji candle formed on the weekly chart.
It further shows the possibility of further advance in the trading price of the crypto price.
HIVE/USD Chart by TradingView
In the daily timeframe, the 50-day and the 200-day EMAs trade in a golden cross while the price of the crypto trades is below that of both EMAs. The crypto price is further advancing from the lower levels, and trading is close to the 200-day EMA.
If the trading price of the crypto breaks further above the 50-day EMA in the coming days, it might lead to higher levels in the coming days.
The MACD indicator has formed a fresh bullish cross of MACD and the signal line while both factors are trading below the zero level. The following metrics of the MACD, if further breaks above the zero level, might lead to an advance in the crypto price.
The RSI has broken above the 14-day SMA from the lower levels and is currently trading at 48.38. For a bullish momentum in the crypto price, the RSI needs to break above the 50-level and sustain above the same.
Summary
HIVE crypto’s recent bullish momentum, marked by a 5.17% increase in the last 24 hours, along with a significant rise in trading volume, presents an opportunity for investors. Technical indicators like a golden cross on EMAs and a bullish MACD signal suggest a potential for further price appreciation.
Technical Levels:
- Support levels: $0.16840 and $0.29580
- Resistance levels: $0.990 and $1.2520
Disclaimer
This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.