Hive Price is Trying to Break up the Middle Line of Descending Channel

Hive price is in descending channel since 10th October 2025. There was a big market crash. Lots of altcoins touched 0 level. Hive price touched 0,03 USD level. After touching this level Hive price went up to 0,14 USD. It is going down day by day from this level. There appeared a big descending channel.

Here you can see daily chart of Hive price. I drew this descending channel a few days ago. Hive price is trying to break up the middle line of this descending channel. Hive price is below 8-day moving average. It is signal of short term trend. If Hive price breaks up the middle line of descending channel, the top line of descending channel will be the first target.

Here you can see the indicators on daily chart of Hive price. There was uptrend line on MACD Indicator. I shared lots of indicators for this uptrend line.

Fisher Indicator is trying to reverse up but It can not.

There is downtrend line on RSI Indicator. Hive price should break up this downtrend line to enter mini bulish trend. If not we will see another price drop on Hive price chart and Hive price will touch to the bottom again.

Hive price is getting closer to break up these resistances. It may be good time to pick up discounted Hive. Hive price will break up the middle line of descending channel. It will be broken up in first try or second try after touching again the bottom line.

We will see..

Posted Using INLEO