This is 4th week, Hive has green weekly candle. It is the 2nd time Hive has 4 green weekly candle. We saw this green candles at the beginning of 2023. After weekly green candles, Hive price went down slowly from 0.65 USD to 0.26 USD...
Even this is 4th week of green candles, we had 4 red weekly candles before. Even Hive has 4 green weekly candle, Hive couldn't repair price dump after red candles...
So, it may be end of the trend..
Even Hive price went up 8-week moving average, Hive price is still under Bouncing Ball Pattern. I shared a post about Bouncing Ball Pattern is on Hive Price Chart and said Hive price may draw new bouncing ball pattern...
Here you can see weekly chart of Hive price and There is Fisher Indicator below. It is reversed from the bottom. But Hive has 4 green weekly candle. So, it is much possible to see red weekly candle at next..
Hive price is still under the middle line of Bollinger Bands..
So, I am waiting for the last dump on Hive price. I am picking up Hive under 0.30 USD. I think I will pick up Hive again..
We will see..
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Good afternoon. You are an experienced user and analyst of blockchain technologies, this is evident when reading your posts. By the way, I really like your content. I wanted to ask you when we can expect a Steem token price of around 25-30 cents and what conditions are needed for this price to be realistic? Thanks so much for your informative posts. Good luck and all the best to you.
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When we enter altcoin season, Steem price will break up 0.25 USD.
0.25 USD is important level for Steem price. It is very hard to break up before altcoin season.
Hive/steem price ratio is around 1.8-2
You can also follow Hive price..
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Thank you very much for taking the time to respond to my comment. Have a nice weekend and good mood.
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All coins will gradually increase in price now.
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