Hive Price May Rested 40 Cent Which is Great Resistance by chorock

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· @chorock ·
$14.37
Hive Price May Rested 40 Cent Which is Great Resistance
Hive price went up the middle line of consolidation zone. I shared lots of analysis about this consolidation zone. Hive price stucked in this zone for a year. Even Hive broke up this consolidation zone, touched 50 cent and went down thanks to Bitcoin price correction. The middle line of consolidation zone was one of great support and It supported Hive price.

I shared and analysis and said [It is Great Opportunity to Buy Hive Under 30 Cent](https://peakd.com/hive-167922/@chorock/it-is-great-opportunity-to-buy-hive-under-30-cent). I was sure that I was great time to pick up discounted Hive below 30 cents!

Hive price is trying to get ready before altcoin season. 0.40 USD is important level for Hive price. If it breaks up again, we may say that altcoin season started..


![e1.PNG](https://files.peakd.com/file/peakd-hive/chorock/23swe9dUJqWYbjqkQWfPi2mRGXig1BURBX5MQSHtodUcA3ifVQxSsWCRnFw2VLsuANE1x.PNG)

Here you can see daily chart of Hive and Indicators. MACD Indicator is trying to reverse from the bottom. The correction may ended. RSI Indicator will be broken up in a few days. Hive price may enter mini bullish trend. We will be sure if it is mini or long bullish trend. 0.40 USD is the first great resistance infront of Hive price. We should follow this level to look our future.

I shared this draft and showed the similarities between 2023 and now. If Hive price broke up again 0.40 USD, similarity correlation will be ended..

![e2.PNG](https://files.peakd.com/file/peakd-hive/chorock/23swgX6mfwCQAzxT8tAfoB1qTV8CZTTN2tJ3sAAC8dFk4z1dTyz4umJQ5t2Pg4UuenL31.PNG)


Picking up Hive below 30 cents was great chance. I hope This chance will come again.

We will see...
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