Cryptocurrency and the market are in a small bullish phase, and many altcoins have gained little value since BTC reached $21,000. HIVE coin is also following the BTC trend, with a huge spike in the market today after heavy buying. The value of HIVE rises above $0.4 and reaches a high of $0.46.

WHY DOESN'T HIVE COIN KEEP ITS PRICE VALUE AFTER THE PUMP?

Following the heavy buying, investors and other #hive users begin selling their coins in search of a profit opportunity. That was always the case with the #hive, and we can see the price dropping from the peak to the bottom from where it was pumped. The main reason for this is that there is less volume and the coin is purchased by a single or small group.

Around 80% of pumps are only available for a limited time and are unable to maintain their high prices. One of the primary reasons for this is that there is less volume pumping. We must have a large volume after the pump or while the price is rising to confirm the bull run. The volume required for the HIVE coin must be greater than $30 million in order to instil confidence in investors.

High volume is always required for HIVE to confirm a bullish trend; however, many other cryptocurrencies have a similar situation where a spike in volume can either increase or decrease the price. However, I have noticed that in the case of HIVE, the high volume has always aided in the upward movement of the coin's price. Consequently, a price increase is always indicated by high volumes.

MOST HIVE USERS ARE CONFUSED BY THE Price Hikes

High volume indicates that a large number of investors and other HIVE users are interested in purchasing the coin. They want to enter the bullish phase and profit from the price rise. I recall that when the price of the HIVE reached an all-time high of more than $3.5, it was the same situation that propelled the coin to new heights with massive volumes exceeding $50 million.

Most people are perplexed and repeatedly ask why the price of the hive coin does not remain stable after the spike. I was also perplexed by this scene, but I did some research and learned about the chart analysis of the HIVE coin after each spike. I arrive at the conclusion that lower volume is the primary reason for the coin's price drop following the pump.

This is the answer for everyone who is perplexed by this scenario, and it should be noted that a large volume can only confirm the bull run for hive. If we maintain the high volume, there is no doubt that this coin has the potential to reach another all-time high, possibly reaching $5. Small volume pumps are simply purchases made by individuals, and the small volume that arrives in HIVE represents those looking to profit.

As a result, it is critical for the #hive coin to maintain high volumes in order to confirm the bull run. This strategy that I learned will be beneficial in this coin to book profit. When you see a small volume pump, it is time to book a profit, but when you see a large volume pump, be aware that the price will move much higher. This will inspire you to hold and book bigger profits.

This is my attempt to inform you about the HIVE price pumping and why the price does not maintain its position after the pump. I hope you enjoy the post and find it educational as well. If you enjoyed the post, please leave feedback in the comments section so that the next one will be even better. Thank you for sticking with me until the end.

IMAGES AND GIF TAKEN FROM CANVA, EDITED IN CANVA

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