Hive Price Went Up Above 8-Week Moving Average After Bearish Season
This is the first week that we have seen weekly close above 8-week moving average at weekly Hive price chart. It is great signal for reversing.
I shared lots of analysis about Hive price chart and showed you possible reversing and bullish signals coming soon. Most of bullish signal came and It may be time to see bullish trend on Hive price chart.
Here you can see weekly chart of Hive price and my draft I shared it a few months ago. Hive price is at depression level. Even Hive price is up 30% from the bottom, It is great level to pick up Hive. Hive price have still not broken up the middle line of depression zone. It is still discounted.
When we look at the indicators of Hive price chart there are lots of bullish signals. MACD Indicator reverse from the bottom. Fisher Indicator reversed from the bottom. There was a great possitive divergence. It supported Hive price and Hive price reversed from the bottom. I said we might be regret not to buy Hive from discounted price. I bought lots of Hive and powered up them..
I hope Hive price and market goes up and I can buy more discounted crypto!
I am waiting for price correction to buy more crypto and Hive. Hive is one of favourited crypto for me for 2025 altcoin season.
We will see..
Without a doubt, you have to take advantage of discount prices, because hive has a great potential to revalue itself. See you later, have a great week.