Still No Hard Floor For Hive
Another ATL For Hive
Just two weeks ago I was more optimistic for a new floor for Hive. It seemed that 8-10 cents was going to hold and Hive could grow from there. Here is a quick recap:
But now that Hive has made a new ATL at around 6 cents (somewhat discounting the 10/10 flash crash), it's clear that it was too soon to call the bottom for Hive.
So where does that leave us?
I am still hoping that the current price movement is a reflection of the 2020-2021 downward trend which ended with a short consolidation and a massive impulse wave. But honestly it's more hopium than backed up by much at all.
The new ATL at around 6 cents actually was predicted by an illusive trend line coming back all the way from 2021. These are wicks on the weekly chart with the second one being the 10/10 one and a third now at current lows. The good news is that price is already back up over 20% from the lows - but there isn't really much support. In other words, I could easily see price going lower. The trend line itself allows for a drop to around 5.5 cents in summer when it is met by a resistance from the previous highs (red).
Until a stronger bottom is formed from weekly candles I am not sure where the bottom will be, especially since BTC is probably not going to bottom until Q4 of this year.
The 200 SMA has been somewhat of a good indicator for at least signalling a bullish or bearish phase. Price is very far away from going above it again. If no big uptrend happens in the coming months, then we'd probably need a price of 10+ cents to be above it again.
Conclusion
Yes, I called the bottom too early. And yes, I am not sure where it will be. In any case, the prices currently make a great entry point for anyone that still has some conviction in Hive. It "only" takes $3.5k to get into the Orca league now... But with every project it's tough to buy when uncertainty is highest.
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Buy the dip, as some whales say; I think that's the best thing to do right now
yo @tobetada solid observation bro,the lack of a real "hard floor" for $HIVE is what keeps many on edge 😅
You're right — unlike BTC with its halving cycles or some alts with clear utility floors, Hive's price action still feels like it's searching for that strong support level after the big runs and corrections.Right now it's more of a "soft floor" around 0.15–0.18 (depending on the day), held by community staking, delegations, and people like us who believe in the long-term vision (LeoFinance, Splinterlands, SMTs,etc.)
But here's the bullish flip side:
The more people stake/hold/delegate HP→ the less sell pressure on exchanges.
New tools(like LeoStrategy,ACE presale, InLeo features) keep bringing in fresh users and liquidity.
If Hive ecosystem starts getting real traction (more dApps, more content rewards, more real-world use), that soft floor could turn into a proper hard one.
Question for you:what do you think could actually create a hard floor for Hive? Bigger partnerships? More mainstream adoption? Or just time + consistent growth in active users/staked HP?
Either way,I'm still here stacking and building — no floor needed when you're in for the tech and the community 💪
Stay strong,legend!
#leofinance #hive #crypto #hodl
I thi k I am somewhat pessimistic about that. There are whales with millions of Hive and even bigger ones on exchanges probably... selling pressure still outweighs buying and we still only see pump and dumps for quick profits. We'd need more Hive on chain and staked as well as more use cases for there to be an actual supply crunch.
yo @tobetada spot on —whales dumping is the real killer right now😅
More on-chain staking + real use cases(ACE, quests, dApps) could flip it.What's your bet on the first catalyst for a proper hard floor?
Keep it real, bro💪 #leofinance #hive
an alt season :D
don't think tweaking tokenomics etc. will do a lot. We have some very good projects that don't get recognition and not sure if they ever will; but I have seen this for almost all other ALT projects out there. Perhaps it's best to stay out of this industry or not look at it from a price perspective, the use cases are already here and waiting to get adopted
You're right —tweaking tokenomics might help a bit, but without real adoption and recognition for the good projects, price action stays choppy forever. Hive has the use cases sitting there (Leo, Splinterlands, InLeo, quests),just waiting for the world to notice. Staying out of the price game and focusing on building/using the chain might be the sanest move long-term.
What do you think is the one thing that could finally flip the switch for Hive adoption? Bigger partnerships, more mainstream apps,or just time?
that's the (b)million dollar question that we haven't been able to figure out yet. But I see pretty much any other Alt project in a similar conundrum. The simplest and also the most unsophisticated answer is probably to just wait for "ALT season"... We haven't seen one in like 4-5 years. Nothing really seems to work sustainably. Even putting a million into marketing would probably just create a quick pump and dump. But keep building is definitely the right approach...
ALT season feels like a myth now— 4–5 years without real one, and quick pumps from marketing just end in dumps.
Building quietly is the only play left. hive's got the tools and use cases, just needs adoption to flip the switch.
Hive continues to go down as weeks goes by
!BBH
It will not look good if Hive reaches 2-3 cents
Great breakdown, with BTC stipulated to be at 40k in September, doesn't this mean other alts might even crash harder?
generally speaking yes, but we've actually seen the OTHERS/BTC chart showing a bit of strength. I guess it's more based on hope though...
There is a second market theory that perhaps an alt season might happen in Q3 or Q4 though. At this point, it's all confusing