#HIVE coin is once again going down and down. The current price of hive is below $0.32 at the time of writing. As I mentioned few days ago that this is the strong support zone for hive and from here we may see a rebound.

The price of hive declines more than 6% in just 24H. I can see that altcoins have started bleeding and the whole market is in red. One of the reason for that is #BTC dominance. Whenever the dominance is increased altcoins starts going down.

I have stated in my previous posts about the current market situation. For the remembrance, I told that before the continue of bull run the market may go down to $24-26K. And that can be happening within this or next month.

We might see the price of #Bitcoin below 25K which will be the last correction before the continue of bull run. This price range from 24K-26K may take for about 3 months. Which means in the start of December the price will recover back towards the bull run.

So what must be our strategy during these times with #HIVE? Should we buy more or should we convert our #HBD holdings to HIVE? I will also shed light in buying #hive at different levels which is surely profitable for the future.

Currently, I am out of cash and I dont have to apply any buying strategy. I can't buy hive anymore at any level because I have zero cash for the time being. But I can go with another strategy and that is keep on converting my daily HBD earning to HIVE.

I will share the best strategy for buying hive at different levels which hope you will take some profit. According to my analysis the price of #HIVE may go further down to $0.28-$0.26. This is the price zone which is possible for the next three months.

Strategies and Insights for Investors

All those who have free cash can grab this huge buying opportunity at low price. You can buy some amount of your money at current price that is $0.32 which is the strong support zone.

The next buying point is $0.3 and $0.28 which are the second and third strong support. If in case the third support is broke down the next target is $0.25 which is the major support and from this level there is 90% chance for quick recovery.

I recommend to buy at this price of $0.25 with more percentage of your money. This is the price zone which we see 3 times rejection and a good bounce back. Similarly, this time I hope again that support will push again the price to above $0.3

And for those who have no cash like me can convert their daily HBD to HIVE. Because for HBD holders every price below $0.35 is best price to convert.

These are my thinking about price levels and my analysis about the market moves. I am not a financial advisor and only these are my opinions. Do your own research before buying any crypto coin.

What do you people think about the market move? Will it recover back from this level or will further go down? Do you think HIVE will test their support levels? will be glad to see your answers in the comment below.

I hope you find this post useful and informative. If you do, please remember to reblog it so that it reaches as many people as possible and that they can benefit the most from it. Also, remember to upvote, which will help me financially and grow my account.

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