RE: HIVE Pumping - Something Is Not Quite Right...
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1 dollar support is psychological, traders know that Hive is fundamentlaly strong right now and so a 1 dollar price floor is completely reasonable. They dont dare to short it past this point. All the 1 dollar sellers are done, since we have broken it time and time again, they may even turn back in to buyers. This is where the price becomes irrelevant and support, resistance everything. Once momentum catches hold traders with no interest in blogging will jump on board. All we need is for decentralised social media and tokens to become a hot topic. As someone else said once we breach a billion dollar market cap big money will start to consider buying in, they wont touch anything else as they will whale the market too much. Its time for a new paradigm for Hive and literally anything can happen. Im hoping for a price that is just un thinkable as that is what usually happens in crypto. There is also a rising wedge on the chart so sometime soon we could break out to something close to 2 dollars.
I saw that uptrend too, TA says $2 is doable in days / weeks, but what still bothers me is how thin the supply is, everything happens on a low volume. If BTC hits down $53k and rebounds savagely (as it did in the past), this could flip very fast. And $0.8 will still be in play. We'll see.
Otherwise 100% agree with your macro views. Once big pockets realize how much of a low hanging fruit HIVE is, we will see "miracles" in price...
Word.
We're "just half a billion away" from entering the billionaires club.
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I am trying to wrap my mind around what the future of Hive will be when people flood in. As a new person here (a bunch of months) comments like this help me get a sense of what is going on in the background. This is very exciting to see. Glad I'm here and thanks for your input.