Is Hive ($0.085) awakening or is it just a morning spike?

It is weekend, it is morning on my side of the world and I just started my crypto routine by looking at some charts. And the one that flushed in front of my eyes was the Hive price which jumped to $0.085 and after that pulled back to $0.068. So I cannot but wonder if this is a sign of Hive awakening from its sleep and late downtrend or is it just a morning spike? I hope for the first, but I am prepared also for the second.

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This move is not contextual to what's happening in the crypto market which traverses rather bearish times. Thus it took me by surprise and I am not sure it is an uptrend or just a spike. But nevertheless such movements show that the Hive blockchain is still alive and kicking. And with vibe coding and building projects in this ecosystem, I believe that it will only get stronger.

The move meant around 30% for the day and whomever succeeded to sell at that levels or event current ones surely made some nice profits. At the peak that would be 30% profit, at current levels that would still mean 10% and I see serious exchanges and markets trading this price. So maybe it is not a bad strategy to have some liquid funds put aside and automate trades by having signal thresholds when there are such spikes. Sell on momentum and after that buy back when the market cools down.

This is a positive surprise for the day and I feel good for seeing it even if I didn't take any action. Maybe this is a good sign for this entire ecosystem. That's all for now, I will continue to enjoy the Sunday by taking some walks and simply getting out in the city and nature. Cheers and wish you a great weekend!

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5 comments

We had the exact same behaviour as Steem had... very weird

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Weird indeed, but I don't mind if that would continue more often. 😊

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Just a spike.
I will consider real pump only, if volume exceeds 30M (Binance) during the pumping

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Good point, volume is necessary to move the market and prove a trend.

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Just a spike 😔

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Even if it was a spike it is better than only a downtrend. 😊

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Indeed 🙌🏻

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!PIZZA

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Temporary or not, I take it! 😁

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PIZZA!

$PIZZA slices delivered:
@bhattg(10/15) tipped @behiver

Send $PIZZA tips in Discord via tip.cc!

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