Days of red for Hive

Here is the 4-hour chart for Hive, and bla.. … things are looking a little soft at the moment.

Right now it’s sitting around $0.241, after dropping close to 2%. Nothing crazy, but the candles are mostly red the last couple of days, and the price is heading lower step by step. You can kind of see the energy coming out of the room a bit — not full-on panic, but definitely a shift.

There’s a support zone around $0.238, and we’re hovering just above it. If that breaks, we might see it drift down toward $0.225 or so. On the flip side, if it holds and we get a bounce (which we’ve seen Hive do before), a short push up to $0.25-ish is not off the table.

Volume’s been picking up — especially on the red candles — which probably means people are locking in gains or cutting losses. Not necessarily a long-term problem, but not the strongest sign either.

So yeah, short term? It’s leaning bearish unless we get some kind of bounce or spark of activity. Longer term, it’ll come down to the usual stuff: user growth, dev updates, and whether the crypto market keeps sliding or stabilizes.

No hype, no doom — just worth keeping an eye on. For me, I am looking for the quick wicks that rebounds, and I am adjusting the buy price to the support zone.

P/S: not financial advice.

Posted Using INLEO