I'm starting to like HIVE's chart lately and have become quite confident regarding its price performance, thus becoming confident about it. HIVE has scored a top of $3.41 that occurred on Nov 26, 2021, and it's now -84% down from the peak.

At its lowest dip after the peak, which was registered just a few weeks ago, when HIVE dipped in tandem with the whole market, to as low as $0.38, our blockchain's beloved main token was actually 86% down from that $3.41 ATH. 

That's a "pretty regular" bear market correction if you ask me and it now seems that HIVE is once again forming higher highs and higher lows, at least on the 90 days chart, since that dip of $0.38, which occurred on May 12, this year.

![Untitled.png](https://i.imgur.com/NanHxim.png)

There's no guarantee that the bear market is over, but at least to my amateur TA understanding, HIVE is grinding up in a healthy way, accompanied by occasional Korean pumps. 

If we were to draw a "falling wedge" from the peak to where it now stands, on the all-time chart, the price has clearly not evaded from that falling wedge, BUT my gut feeling tells me it will do so in the months to come.

Why?

Well, according to my "reliable gut feeling", we might not have a "proper bear market" this time, and I have two main reasons supporting my bias in this regard: one is that we didn't have a serious blow-off top(like in 2017 for example) either, something that @edicted talked about in quite a few of his *market watch* posts back in 2021 and what quite a few were waiting for before unloading. 

That didn't happen...

The second reason that makes me believe the crypto market, HIVE included, might have bottomed and we could be slowly grinding higher, 
is that **so many of us are expecting a full-blown bear market to hit crypto** as this should be a given.  

Hard to argue on this one, especially when taking into consideration the recession that might be already in, if not just around the corner. The digital realm is eating a lot of attention, time, and funds from the big players of the world's economies, though, and that can push towards cryptocurrencies being the game changers in the years to come.

With or without a recession. Hive has a lot of value, despite the current "underpriced main layer token", but as mentioned earlier in the post, my gut feeling tells me we have bottomed out and we're currently grinding higher. What do you think?

*Thanks for your attention,*
*Adrian*   
 

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