HIVE Gains Momentum with 750% Rally Target Explained
- HIVE shows strong rally signals with a 750% target, emerging from a four-year-long bottom and higher low formations.
- Bull-market cycles and technical patterns position HIVE for a long-term rally, with potential gains surpassing expectations.
Alan Santana, a well-known crypto analyst on TradingView, recently shared a detailed analysis of the HIVE market trend. Targeting 750% on the chart, Santana notes the HIVEUSDT pair is showing early symptoms of rising.
He underlined, meanwhile, that reaching this goal may take three to six months. Although faster results are achievable, these are rare rather than the usual.
HIVE: Long-Term Market Rebound Signals Strong Uptrend
Santana went into more detail on the larger background of HIVE’s market cycle, pointing out that bull-market lengths usually run six to twelve months. He underlined that HIVE is rising from a four-year-long bottom marked by a long-term higher low—a vital indicator of a rebound.
Source: Alan Santana on XThe market looks ready for a major uptrend after a period of protracted sideways movement and a last decline to long-term support levels. The present rally started with this “stop-loss hunt event.” Stressing, Santana said, “Once prices start rising, there is no going back; low prices are never possible again.”
Meanwhile, HIVE is trading at about $0.4054 at the time of writing, showing a 4.75% gain over the last 24 hours and a 45.15% rise over the last 7 days.
With a new all-time high (ATH) projected with possible gains reaching 2,000%, Santana’s long-term view for HIVE is even more bullish. His analysis emphasizes how HIVE might develop “strong” and “long-term.”
CNF has also highlighted several altcoins with outstanding promise, including JasmyCoin (JASMY). Supported by solid technical indications and positive trends, the study indicates that JASMY might see a 300% jump.
Furthermore, the well-publicized joint ventures of the Janction Layer 2 chain help JasmyCoin to be a top competitor in the blockchain space.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin and Ethereum ETF Entry Series Ended! Major Exits! Here is the Latest Data…
Long-term inflows in spot Bitcoin and Ethereum ETFs have given way to outflows.
EU Commission approves Nvidia’s Run:ai acquisition
Share link:In this post: This followed a probe over competition concerns raised by Italian regulators. The EU Commission unconditionally approved the transaction. The Nvidia case is one of the many other probes into big tech firms’ acquisition of smaller companies.
SEC hits Jump Trading with $123m fine over TerraUSD scandal and Luna misconduct
Share link:In this post: SEC has fined Jump Trading $123 million over its role in the TerraUSD scandal. Tai Mo Shan agreed to settle the fine without admitting or refuting the charges. Jump Trading made more than $1 billion in profit in an arrangement with Terraform.
Shiba Inu advances DeFi strategy with Chainlink partnership
Chainlink's CCT standard allows Shiba Inu tokens to achieve interoperability and expand across 12 blockchains.