I’m quite sure that by now you’re aware that the entire crypto market has undergone a historic liquidation. Unfortunately, this hasn’t helped Hive’s already dwindling price. We’ve been experiencing a downtrend over the past three months, and then the recent liquidation caused Hive to drop even further... by about 20% just last night. In total, Hive has fallen by around 40% over the past three months. This trend doesn’t align with most other cryptocurrencies, showing that there are currently more sellers than buyers supporting Hive.
As I’m writing this blog, Hive’s price is $0.144, roughly the same level it was 11 months ago. Earlier this year, we managed to reach $0.60, but the price has been continuously declining ever since.
Looking at the Hive chart, it resembles a hill with a perfect downward slope. I really wish it would start climbing again and reverse this trend, but at this point, it’s just wishful thinking.
Based on what’s happening, I feel that the price may find support around $0.13–$0.14, while resistance might form around $0.16–$0.17. Still, I truly hope it can recover and return above the $0.50 level, especially since many people depend on Hive in various ways... particularly those who keep this platform running. They have real-world expenses to cover, and the current price makes it increasingly difficult to sustain operations without selling larger amounts of Hive.
Here’s what I think might happen in the coming days, weeks, and month:
- In 1 week: Price could be around $0.13–$0.15.
- In 2 weeks: Possibly $0.12–$0.16.
- In 1 month: It might drop close to $0.12 if the selling pressure continues.
I really hope the price rises to at least $0.15, to help stabilize Hive’s value. Otherwise, we may continue falling toward the $0.10 level.
Are you prepared to see Hive at that level again? That happened five years ago, and it wasn’t pleasant, many creators went on hiatus, and some seemed to have left permanently. Of course, that’s not something I want to see happen again. But if we do reach that price level, it would be unwise not to consider buying Hive at such a low valuation. I’d personally view it as an opportunity to accumulate more. Still, I don’t want that scenario to occur, since so many people rely on a higher Hive price.
With these kinds of crypto market trends,especially for Hive... I wouldn’t be surprised to see some people taking breaks from posting or engaging. That’s a natural reaction for those who are primarily focused on rewards. However, this is also a time for dedicated Hiveans to demonstrate their commitment to the platform.
For me, this is the best time to stay focused, remain consistent, and grow, both in holdings and in connections.
In times like these, it’s the community that truly defines Hive’s strength. Let’s continue to create, connect, and support each other while the market finds its footing. Together, we can help Hive rise again.
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