The final step for the price surge is accumulation phase and I am seeing the same that many investors are accumulating hive at current price. I have seen more than 10 times rejection from the support line which indicates that the coin is being accumulating.

As soon the price touches the $0.34 heavy buying comes in which takes the price back to $0.345 and $0.35. Rejection from support line is one of the major signs of accumulation which indicates the bull run as well.

What about me? I am also converting my daily HBD earning to HIVE. This price is the accumulation phase for me as well. I wish the next month we could the see the price of #HIVE above $0.4.

The accumulation phase in hive just not mean that the price will go up rather there is strong believe of investors and holders towards the potential of #hive.

Accumulation phase is one of the best times to start building your wealth. These are the turning points form where your success begins and towards the road to success.

Now lets discuss about the current volume of hive, the 24H low and high price and the support and resistance points.

#HIVE is currently around $0.345 which is the position from about 30 days. The 24H volume of hive is 518,757 and to that of USDT is 179,219. The volume has decreased so far from the previous week.

The 24H high of hive is $0.3486 and 24H low for hive is $0.3431. A range bound is seen between these two prices which is also named as accumulation phase.

SUPPORT AND RESISTANCE LINE

According to the daily chart there are two strong supports for hive which we also see many rejections again and again. The first support line which is the strongest one is $0.318-$0.32 and the second support line is $0.27-$0.28.

These are the support line which will hold the price to not drop from these levels until there comes some bad news.

There is also two Resistance points which is very crucial for hive for the breakout. The first resistance line is $0.37 which is very essential to break out in the current month to see the price above $0.4.

The second resistance line is $0.4 which is another strong resistance point where we see rejection couple of times. A huge volume and heavy buying may occur the price to break the resistance level and see the next price levels.

What do you think about the current scenario of hive price according to daily chart? Do you think this is the best range of accumulation phase for the investors? Will be glad to see your answers in the comment below.

I hope you find this post useful and informative. If you do, please remember to reblog it so that it reaches as many people as possible and that they can benefit the most from it. Also, remember to upvote, which will help me financially and grow my account.

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