Where does HIVE go from here?

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(Edited)

HIVE is finally starting to gain some momentum, but where does it go from here?

HIVE is finally starting to see some bullish price action, I say finally because many altcoins and bitcoin have been going bonkers for weeks and months now with HIVE mostly not participating.

However, just in the past few days, that appears to be starting to change.

Check out the chart:

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(Source: https://www.tradingview.com/chart/?symbol=BITTREX%3AHIVEUSD)

This is a daily chart of HIVE on Bittrex.

It shows a bunch of touches off of the $.11 level before finally turning back upwards, pretty much textbook reversal type stuff.

The sellers finally ran out of supply to sell and the price moved up off of long support.

Given the amount of touches on that support level without the ability to move higher also smells of accumulation or manipulation, but I won't get too much into that.

The gist of it is that those looking to sell look like they are done, and the buyers are back in control.

So, where do we go from here?

This is where the crystal comes in handy that I don't have...

Well, the last time HIVE had buyers in control it eventually was run all the way up to a dollar which is more or less where these charts start at considering that was around the time that HIVE got a USD pair on Bittrex.

There appears to be some minor resistance in the $.30 area based on the chart above and this one here:

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(Source: https://www.tradingview.com/symbols/HIVEUSD/?exchange=BITTREX)

But given how little price history there is here it's tough to say exactly how much resistance there will be in that $.30 area.

My guess is not much.

During these altseasons there seems to be stages to them...

The first stage sees the blue chip alts go crazy and then eventually that spills over into the midcap altcoins for a period of time before eventually spilling over into the smaller cap altcoins.

Based on HIVE's size currently, it's probably closest to that third group.

Which means the spillover may just be beginning right now.

If bitcoin behaves, and that is a big if, I suspect HIVE is going to see very bullish price action over the coming weeks and months.

Fearless forecast?

I say HIVE goes over a dollar again at some point by July of this year, and if not July probably at some point by this time next year.

Yea, I am really nailing myself down to a specific time eh?!

What do you say for peak HIVE price this year?

Stay informed my friends.

-Doc

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41 comments
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Altcoins won't top out many months after Bitcoin does. I don't think HIVE will top out in the summer of 2022. By then it will have crashed back from whatever heights it has reached a year from now.

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That would be pretty awesome if true. I hope you are right but I suspect the top will happen sooner than that...

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I think the highest likelihood for Bitcoin's top is early October this year. Most of the altcoin market will top out in November. Some analysts say it can take 2-3 months longer if the cycles are becoming longer.

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Interesting that you chose October as the topping points. That is exactly 17 months post halving, which is when we topped in 2017. Nicely done!

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I say HIVE goes over a dollar again at some point by July of this year, and if not July probably at some point by this time next year.

....and if not this time next year, perhaps sometime in the future.

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I say HIVE goes over a dollar again at some point by July of this year, and if not July probably at some point by this time next year.

Summer run up to $2 then a crash back to $1 methinks.
Gonna be weird having blog posts paying out over $100 again.

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When are we gonna see them thousand dollar blog posts again? :)

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Though I like your guesses here as well. I could easily see something like that playing out as well.

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(Edited)

You're kidding right?, you're doing almost 100$ posts right now. NOT GONNA BE WEIRD, IT'S ALREADY WEIRD. And we just started to get out of the bottom.

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Yeah this post is 40usd today. With 1 dollar its 200 easy

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(Edited)

It's a matter of time but it's safe to say that we hit the bottom at 10 cents, now we're sitting in the 20 cents value almost doubled then, in a few weeks and we have just started to follow the general trend, sitting at 300 sats.

Hive is still cheap for Bitcoin and Ethereum owners, wouldn't be rare to hit that 1$ then, the question is if Hive can hold that price (or a similar one), I have my doubts.

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As do I... we need to give people with all those btc/eth/ltc gains a reason to invest in hive. The only reason right now is if the price is going up and so far it hasn't been. Once it eventually does though, once it slows down, they lose reasons to stay in it...

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You can still do more with Hive than with other coins. The battle of public opinion is major and Hive is a nice utility.

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Finally someone made a hive price prediction :)

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What's yours?

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At this point I realy cant tell .... somewhere in the range 0.1 to 10 :)

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Really going out on a limb there...

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Steem hit $8 briefly in the 2017 run. I don't think Hive will get that high due to where it is right now. But $1.50 is a safe bet.

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I could see something around there as well. The supply is significantly higher than it was back then with a lot more sitting on exchanges. That will likely play a role, among other things.

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wow, your expectations of hive's price are very good, I have read in several groups that you are waiting to see hive above 0.50$ to sell and I think it will be a short time to get there. In my opinion I see Hive breaking its high at the end of this year.

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I am waiting for it to get about $.50 to sell?

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not you, some people I have read, sorry if my translator does not understand.

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What do you say for peak HIVE price this year?

55 cents sometime around June-July. I base this on absolutely zero research and 100% guessing.

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Pretty much my basis as well...

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Manipulation? By Justin boy and company?

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I actually doubt it is him, though it could be. There are likely numerous price manipulators in crypto land. Those that have money can make a lot more of it by pushing prices around without some of the same regulations as in traditional finance...

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Greetings, I like the idea of $1 or more for July.

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Will hold you up on this forecast/prediction, we all will be gladdened to see our dearest hive pass the dollar mark !
Cheers

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That's nice to see some rise in Hive, and coming projects will push it much further.
I would be interested to hear about the manipulation thing though, genuine curiosity :)

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If bitcoin behaves, and that is a big if, I suspect HIVE is going to see very bullish price action over the coming weeks and months.

It's difficult to predict the price of hype as of now but what I see that this year I will be able to market the price of 1 US dollar and this will not be a surprise for all of us.

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A forecast is bold. No one can predict the future. That said, Hive is the most interesting digital asset in todays economy.

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Why do you say that?

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Today the fight (maybe always was) is on the public opinion. The state of mind.
Where people go. The market is determined by what people think. Big tech are spending money to get the best people and publicity.
Hive is a utility to buy stage time.
Recently @theycallmedan used Hive by voting on comments proving voted for listing. This worked. Its just a small example. It happens on all platform but there the incentive is hidden and people can't know what was bought and what is genuine. Hive transparancy make it a fair play with more winners and less illusions.

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