Its strange that after such good news of ETF approval the market dumped hard and reaching the price level of $40K or even below this level. This is how investors like whales and other institutions sell the news.

I believe that #BTC 8 months ago which was at the price level of $25K and then start moving up to reach $49K was the insider news reaction.

Investors did their buying at that point and soon when the ETF get approved the start selling and dumped the market.

But those investors gets stuck in the market who thought market will move up after the ETF approval. This is how crypto market runs and how its manipulated.

Anyway, ups and downs are the part of the Crypto market and all should have proper strategy at each and every point.

What about #hive coin if the market keep on dipping? Do you think #hive will go further down from the strongest support of $0.25?

We all know that when #bitcoin moves up all other coins performed well except few coins including #hive. If the market dumps further those altcoins which rose in price will come back to its old prices.

Assessing the Support Levels for #Hive Amidst Market Volatility

But what about #hive which does not move up and where will its price go if Bitcoin goes below $40K or even reaches $30K.

According to my knowledge about 28% of the total #hive coin is being staked by the hive users. As per calculation this staking amount will reach the price level of $0.18.

Meaning that from this level #hive will become as strong as rock. There is very less chance from this point that hive further dumps.

But its still possible that #hive could reach the lowest price of $0.18 any time depending upon the market.

What do you guys think about the crypto market? Will it go further down? Do you think #hive will get some strong support from $0.18? Will be glad to see your answers in the comment section.

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