At the time of writing, HIVE is being traded at the price of $1.50. The price of the coin has decreased by almost 13% in the past 24 hours. The maximum and minimum of the day are around $1.74 and $1.50. The daily trading volume has on the other hand has also decreased by almost 19% in one day. HIVE is listed on coinmarketcap at 129th spot according to market capital and has a market dominance of 0.03%.
HIVE before the crash had achieved its all-time high around the price of $1.050 in March 2021. During the crash, it created a bottom and dropped down to $0.16 in the month of June. Just like many other coins, the coin showed reversal and it was strong enough. HIVE eventually went on to create a new all-time high around the price of $3.411 during the month of November.
HIVE has a total supply of around 383M tokens and has nearly all of them in the circulation i.ie around 383M. Ir can be traded at a lot of different exchanges such as Huobi, Binance, Uptbit, Gate.io.
Technical Analysis – Hive
We can see that HIVE has a really clean chart. The movement has been vigorous all the time and has seen no or little consolidation zones. We can see that the price of the coin had created a daily order block at the bottom. This happened when the price reversed and broke the lower high. The price failed to hold the last higher high and eventually fell down.
The price fell down and broke the structure, this showed that the price has reversed the trend. Now the price has mitigated the order block. From here, we can expect a reaction from the price and we can expect the price to tap in the last higher high from where we can see that the price can eventually drop even lower.
Price Prediction
Hive has been one of the highly bullish coins in the market. According to wallet investor, HIVE in one year is expected to reach a value of $3.873. In five years, it is expected to touch $11.935. This shows that even though HIVE has a huge amount of potential in it and would give amazing returns but traders think that it wouldn’t be long before it reaches a new all-time high and starts trading above $10.
