DO NOT SALE, Hive is approaching $1 again

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It is really astonishing to notice such an incredible flying of HIVE within 24hrs even when Bitcoin is still on a consolidated zone for pass days.


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In last 24hrs low, hive moved from $0.412 to $0.5914. A 37.84% movement as recorded on coinmarketcap. A price value that is more than 1/2 a dollar.
Although we have been experiencing a gradual bull run with only one spike which occurred on 16 January since the beginning of this year but last 24hrs (D1) is extremely surprising as the movement attempted to break above a 2022 resistance zone when clearly viewed on a weekly timeframe analysis.


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Personally, I’ll really appreciate this as it is a long awaited expectation but I am still skeptical about it as not been a full time movement but just a single investor impacts because of the quick pull back in line chart. However, if we keep holding, there is no way the price will fluctuate to previous low deep again. Furthermore, a perfect prove that a good investor have stepped into the blockchain.
Please, don’t fry me if you have opposite opinions about it.


shot from Binance

If it consolidate at the position for a while and refuse to drop by creating a strong support, then it is high time for hivers to pop champagne because the coin is about to hit $1 again in few weeks time.

However, I will advise any trader to long the chart again for a while because of the resistance except he/she is not confident of his/her setup.
KEEP HOLDING.

On the other hand, Bitcoin still consolidated but let us watch out for next week impact too.



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3 comments
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Hive certainly has a great potential to bounce back to higher levels in the next bull run. Exciting times ahead friend.

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