Hive (HIVEUSD) Price Is Going Long

Hive (HIVEUSD) Price Forecast: December 31

HIVEUSD price is going long at the moment. The coin price sends clear bullish signals trading above the EMA line, indicating that buyers are making solid progress. The crypto gave a bullish breakout from the $0.351 to $0.491 value, suggesting buyers are making a recovery attempt. Consequently, if the cryptocurrency’s price remains above the $0.491 high mark, the possible rally could accelerate to the $0.500 upper resistance level and beyond.

Key Levels:
Resistance Levels: $0.400, $0.450, $0.500
Support Levels: $0.310, $0.300, $0.290

HIVE (USD) Long-term Trend: Bullish (Daily Chart)

The long–term chart of HIVEUSD shows that the price is going long. The coin price is above the moving average making higher highs and higher lows, indicating an uptrend. The upward trend will likely continue following the increasing volume by the bulls.

The bulls’ successful breakout to the $0.363 supply value during yesterday’s session also contributed to the crypto price going long at its recent high.

The Hive price is going long, as seen from the daily chart. Buyers pushed the token price to the $0.491 supply value above the EMA-50 to open today’s daily chart, trying to replenish the bullish momentum. Thus, if this bullish growth pattern is steady, an established uptrend will be achieved.

Additionally, due to an upward momentum shown by the price indicator, the HIVEUSD might continue going long to reach the $0.500 upper high level soon in its long-term outlook.

HIVE (USD) Medium-term Trend: Bullish (4H Chart)

Despite the interference of the short traders, the HIVEUSD price is going long on the medium-term chart. The price currently trades above the EMA making higher highs and moving towards the major upper resistance area.

The breakout by the bulls to the $0.351 supply value during yesterday’s session has made the coin market go long and retain its bullish strength lately.

The coin price currently trades at a $0.435 high value above the EMA line, showing an intraday gain. This shows the high impact of the buy investors on the coin market; likewise, the downside risk remained uncertain.

Notably, the Hive price is going long and may continue as shown by the daily signal, pointing upwards. Therefore we can expect the upward rally to reach the $0.500 upper resistance trend line soon in its medium-term outlook.

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