5th Red Successive Candles on Weekly Hive Price Chart

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There is 5 weekly red successive candles on Hive price chart. It is 2nd times that we have seen before.. We saw this candles on June 2022 - August 2022 and Hive price went up from 0.20 USD to 3 USD... It was the last candles before big pump.. Will we see big pump again?

It may be signal for bullish season but I think that we will see mini bullish season. Hive price is still under stress under market condition and Hive has not still broken up great resistance. There are lots of reason that are obstacle to pump..

Ekran Resmi 2023-06-04 21.31.31.png

Here you can see weekly chart of Hive and Hive price has still not touched great support line coming from the beginning of 2021. This support line is at 0.30 USD level. Hive price should touch this line to be supported before bullish season.

Ekran Resmi 2023-06-04 21.32.41.png

So, It is nice to see 5th Weekly Red Successive Candles on Hive price chart. We will see green candle in next week or coming soon.

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It’s about time we see some green on Hive’s price!

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