If you are active on the blockchain and intrested in second layer coins on hive, you should try to check out the following coins on hive-engine #dvs #airhawk #income #bro
EL-SHADDAI
·
--
$HIVE – Bulls Struggle to Break Resistance
HIVE is attempting a short-term recovery, trading at $0.3337 (+1.54%), but resistance at $0.3360 - $0.3420 remains strong. Volume has increased, but momentum is weakening on lower timeframes, signaling possible exhaustion.
📊 Technical Breakdown
🔹 1D Chart: • Price consolidates below the mid-Bollinger Band ($0.3330), showing indecision. • RSI at 53.67 signals neutral momentum. • MACD is attempting a bullish cross but lacks volume confirmation.
🔹 4H Chart: • HIVE holds support at $0.3200 - $0.3250 but struggles to break $0.3360. • RSI at 63.66 is nearing overbought territory. • MACD remains flat, showing no strong bullish impulse. • Volume increased, but not enough to confirm a breakout.
🔹 1H & 15M Charts: • HIVE tested $0.3360 - $0.3380 and pulled back slightly. • RSI is overbought above 61, signaling exhaustion. • MACD neutral, suggesting weak trend momentum. • Volume peaked but faded, indicating reduced buying pressure.
🔑 Key Insights
❌ Strong Resistance: $0.3360 - $0.3420 remains a major hurdle. ❌ Overbought RSI: Lower timeframes show exhaustion. ❌ Weak MACD: No strong bullish confirmation yet. ❌ Fading Volume: Buying pressure is slowing down.
🔻 Rejection at $0.3360 - $0.3420 could push HIVE back to $0.3250 - $0.3200. 📉 Further downside if $0.3420 isn’t reclaimed with volume confirmation. 📌 A breakout above $0.3420 could fuel bullish momentum.
🚨 HIVE is at a critical level—expect volatility ahead.
💬 Like, share & comment to support the community.
📖 El Shaddai: (Hebrew: אֵל שַׁדַּי) – ‘God Almighty, the All-Sufficient One.’ His grace sustains.