Weekly chart
If we look at the weekly HIVE chart we can see some light at the end of the tunnel, the price is significantly higher now than we were last summer. 25ct vs 14ct. A slight upwards trend, although we have underperformed the market and especially Bitcoin by far.
Monthly chart
On the monthly chart we can see clearly that the barrier to cross is still $0.50. If we want to have a chance for a decent HIVE bullrun we need to cross that magical boundary before we can dream again.
Although we already failed once (January) to surpass and hold the 50ct line but I am still confident we will make it at some point. My target price area for HIVE in this cycle is still $1 to $1.50.
What do you expect for HIVE in the coming months? Will we be able to finally leave 50ct behind us?
