Hive Price Technical Analysis - HF25 Effect
Today, Hive pumped from 0.31 USD to 0.45 USD. It is great jump bearish martket. Hive entered death cross a few days ago after HF25 and price going up. You can see same price reaction after entering death cross.
200-day average is great resistance after deathcross bounce. It may also means ''death cat bounce''.
Today Hive broke price resistance coming from 28th March which is my birthday :)
Hive broke RSI resistance a few days ago and made correction.
I think we have no uptrend signal on market. It's good to be careful...
So why did it jump?
- 1st reason may be HF25
- After death cross, It is possible to see this bounce...
- RSI coming from 3 months ago, broken.
- NFT coins are very popular lately. Could Splinterlands also contribute to Hive's being on the list of the most increasing ones today?
For me, this reason may not be imaginary.
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