Hive

Resistance

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>HIVE price showcased a rebound from the support zone of $0.3500.</a> </li> 
 <li> <span>2</span> <a>Buyers are decisively holding the gains and attempting a reversal.</a> </li> 
</ul> 
<p>The Hive coin (HIVE) price showcased roller coaster moves and has retested the significant support zone of $0.3200 mark. Moreover, the coin has shown a bounce from the 200-Day EMA mark, reflecting bullish accumulation in the previous session. The price action revealed a sharp pump and dump move. In the first half of this month, bulls were on fire lifting over 50% of the gains so far. Afterward, the sellers entered into the battle and wiped out around 25% of gains in the second half of this month.</p> 
<p>At press time, the <a href="https://www.thecoinrepublic.com/2024/03/24/ocean-price-prediction-can-hive-resume-the-bullish-wave/">Hive price</a> is trading at $0.3831 with an intraday drop of 3.67%, reflecting neutrality on the charts. It has a monthly return ratio of 14.30% and 19.19% on a yearly basis. The pair of HIVE /BTC is at 0.00000594 BTC, and the market cap is $143.07 Million. Analysts are neutral and suggest the HIVE coin may attain a rebound and will retest $0.4500 soon.</p> 
<h2 class="wp-block-heading" id="strong-hive-price-to-volume-profile-signifying-neutrality-strong"><strong>HIVE Price To Volume Profile Signifying Neutrality</strong></h2> <iframe loading="lazy" title="Santiment Chart: Price (HIVE), Volume (HIVE), RSI 1d (HIVE)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=hive&amp;pt=HIVE&amp;df=2023-09-23T18%3A29%3A59.274Z&amp;dt=2024-03-23T18%3A29%3A59.274Z&amp;emcg=1&amp;emhwm=1&amp;wm=price_usd%3Bvolume_usd%3Brsi_1d&amp;wax=0%3B1%3B2&amp;wc=%2326C953%3B%2368DBF4%3B%23FF5B5B&amp;ws=%7B%22interval%22%3A%221d%22%2C%22node%22%3A%22candle%22%7D%3B%7B%22interval%22%3A%221d%22%2C%22node%22%3A%22line%22%7D%3B%7B%22interval%22%3A%221d%22%2C%22__appliedInterval%22%3Atrue%7D" scrolling="no"></iframe> 
<p>The data indicate intense fluctuations and the coin faced sharp roller coaster moves leading to retesting the 20-Day EMA in the last trading session. In the first week of this month, the coin price spiked over 45%, and then sellers came into the race and spoiled over 25% of gains. The trading volume noted a drop of over 45% to $4.79 Million, revealing a neutral outlook.</p> 
<h3 class="wp-block-heading" id="strong-price-volatility-and-sentiment-analysis-strong"><strong>Price Volatility and Sentiment Analysis</strong></h3> <iframe loading="lazy" title="Santiment Chart: Price Volatility 1d (HIVE), Weighted sentiment (Total) (HIVE)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=hive&amp;pt=HIVE&amp;df=2023-09-23T18%3A29%3A59.274Z&amp;dt=2024-03-23T18%3A29%3A59.274Z&amp;emcg=1&amp;emhwm=1&amp;wm=price_volatility_1d%3Bsentiment_volume_consumed_total&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%23FFCB47&amp;ws=%3B%7B%22interval%22%3A%221d%22%7D" scrolling="no"></iframe> 
<p>This month, sharp pump and dump moves in the coin price were witnessed, leading to sharp fluctuations in the volatility curve. The volatility curve stands near 0.011, noting a drop over 220% in the previous 24 hours. However, the sentiment remained negative and stayed below the midline near -0.22.</p> 
<h4 class="wp-block-heading"><strong>Social Dominance and Active Users Overview</strong></h4> <iframe loading="lazy" title="Santiment Chart: Social Dominance (HIVE), Active social users (Twitter) (HIVE), Active social users (Telegram) (HIVE)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=hive&amp;pt=HIVE&amp;df=2023-09-23T18%3A29%3A59.274Z&amp;dt=2024-03-23T18%3A29%3A59.274Z&amp;emcg=1&amp;emhwm=1&amp;wm=social_dominance_total%3Bsocial_active_users_twitter%3Bsocial_active_users_telegram&amp;wax=0%3B1%3B2&amp;wc=%23FF5B5B%3B%23FFCB47%3B%235275FF&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B%7B%22interval%22%3A%221d%22%7D%3B%7B%22interval%22%3A%221d%22%7D" scrolling="no"></iframe> 
<p>Per the Santiment data, the social dominance data noted an uptick and surged over 45% to 0.075 this week. However, the active users on the telegram noted a drop of over 110% to 2275, whereas on X, the value declined by 90% to 2426, revealing a decline in investor interest.</p> 
<p>The RSI curve stayed close to the mid line near 42, reflecting a negative divergence, which suggests a retracement is likely in the short term. However, the Hive coin price remained above the 23.6% Fib zone and is sustained above the neutral trajectory.</p> 
<p>The total supply of the HIVE coin is 401.33 million and the volume to market cap ratio is 0.0337. The coin stands at 355 per the market cap global ranking in the crypto market.</p> 
<h3 class="wp-block-heading" id="strong-summary-strong"><strong>Summary</strong></h3> 
<p>The HIVE coin price signifies a mixed outlook and has given a rebound in the past few trading sessions. The coin may attain pace and will retain the bullish region above the $0.4300 mark which may lead HIVE to the $0.5000 mark in the upcoming sessions.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<p><strong>Support Levels:</strong> $0.3800 and $0.3650</p> 
<p><strong>Resistance Levels:</strong> $0.4000 and $0.4200</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice.&nbsp;</p>

HIVE Price Prediction: Can HIVE Retain $0.500 Amidst Retracement?

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