The HIVE continues with strength in the Crypto market consolidating an area of its price.

in LeoFinance2 years ago

Greetings to all readers of this great platform, especially to the great community of #LeoFinance, in the present opportunity I want to talk a little more about the behavior that is managed to observe as far as HIVE is concerned, since the market in general is in great indecision and many tokens in negative, and HIVE manages to increase more than 50% of its value since yesterday, which makes you think many things concerning the market, which I want to focus on.


Screenshot taken at: Binance

The crypto market is facing a great market indecision and even more so in the face of the global economic problem, yesterday I commented in a post, the possibility that the HIVE is getting ahead of the market action, because if the market comes down hard with this great rise in its value it has already gained ground, preventing the price of its token to fall more than expected, so it can be considered as an advance to the circumstances.

Today the market in general continues without making any movement, so the danger continues with great strength, despite this, seeing the behavior that HIVE has had in the course of the day, we have seen a token that every hour increases its value more and more, under this circumstance, we must make another projection as far as the HIVE market is concerned, it can be considered as a consolidation of its price in another step, avoiding falling in case the market falls below $0.40 as far as its price is concerned.

This being the situation that is possibly occurring, it can be said that the HIVE being a token of great confidence, is acting in a great way against the market situation and thus we are facing a world of uncertainty in what may happen with the rest of the market, these first days of July may be vitality important, taking into consideration if the BTC market begins to consolidate or comes down to 16k of its value, being that the next downward target that has the BTC.





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Hi @chucho27

Hive has developed an unusual movement in this bearish zone that the cryptocurrency market is experiencing. In bullish cycles Hive is usually ahead of the Bitcoin price action, may be this move is to consolidate a zone and hold the price very despite the percentage Bitcoin goes down.

Best regards, be well.