HIVE/USD price analysis for 8th of april 2021

HIVE/USD is currently trading at $0.6791 at this moment of this post...

on the daily chart it is obvious that there is a new bullish trend on the HIVE market and we will see a ride to the $0.85 price mark which is the next resistance level,a break above that price will send the HIVE to reach a price of $1.07 and above.....

on the weekly chart,the HIVE/USD appears bearish but the price finds it difficult breaking the support level at $0.47 and when such things occur it means the bearish run is not strong enough to break that level so the bears will become weak and the bulls will take over........a break below the $0.47 price mark will send the price down to $0.40 which is the next support level,but that obviously is not going to happen for now....

So i expect the price of the HIVE to reach $0.85 before this week runs out and if the bullish run continues then we will see the HIVE remain above the $1 price mark.....

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