Hive Needs to Break $0.1040 or New Lows Ahead
hive-167922·@technico·
1.281 HBDHive Needs to Break $0.1040 or New Lows Ahead
 [Source](https://www.tradingview.com/chart/NjCYaidc/?symbol=BINANCE%3AHIVEUSDT) Its very sad to see #hive is going down and down while #Bitcoin is bullish. #Bitcoin touched the level of $91K but #hive is still testing its strong support. Today, market will remain volatile. The FED news announcement will happen today. If the rate cut is announced, Bullish momentum will be seen but if the rates are not cut then surely another huge dump might be seen. If you see the chart of #hive according to 1H time frame. You will get to see a downtrend pattern. Lower highs, lower lows. This pushes the price down to $0.1018. Right now, #hive is still at support level. If it holds this level then we might see a breakout from critical area that is $0.1040. This area is very important to watch. Breaking this level will chance the trend towards bullish, otherwise #hive might test its other support and that is $0.0989. Lets see... **THANK YOU!**  Posted Using [INLEO](https://inleo.io/@technico/hive-needs-to-break-01040-or-new-lows-ahead-am2)
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