Fuhh! Quietly HIVE Up To Heaven First!

The hive built on the Proof of Stake (DPoS) delegated protocol saw an excellent improvement in the market during this week’s trading session.

The price started a steady rise starting last week until hitting a high of around $ 0.35 ending yesterday’s trading session, producing a 40% jump.

As a result, Hive still maintained consistent gains at today’s market opening, outpacing several other digital currencies.

Hive has a market capitalization of over $ 215 million recorded by recording over $ 511 million in trading volume in the last 24 hours, ranking 149th in the crypto market.

However, that position is not an obstacle for Hive not to stand out in the market.

Next, look at the current movement chart of the HIVE/USDT price.

When the Hive analysis article was released a few weeks ago, the Hive was trading at a price of around $ 0.40.

But after that, Hive saw an encouraging price movement by generating over 120% profit so far in today's trading session.

From a technical point of view, the price movement is seen still maintaining the bullish trend and is hovering above the resistance zone around $ 0.49 that has just been broken in the last few hours.

For further expectations, the resistance zone around $ 0.56 will be the next focus to test before making a higher rise.

However, if the price movement returns to show a bearish pattern, the price movement will re -test the resistance zone around $ 0.49 before making a lower decline or it is just a retracement.

At the time of writing, HIVE is trading around $ 0.51 in the last 24 hours.

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