(Chart by TradingView)
Just before the end of February, the Ultimate Moving Average of Hive's price against Bitcoin continued to rise until it almost reached ₿2000 Satoshi. The price then fell to around ₿1400 Satoshi around mid April, and then rose and fell slightly again until recently.
The SuperTrend indicator, on the other hand, had previously been in a buy position for quite some time, but has moved into a sell position at March 7-8 to the present.
Also, the Squeeze Momentum indicator is still in a bearish position despite beginning to strengthen.
Is the Hive price trend against Bitcoin still down? And is it true that now is the time to sell?
Let's continue to monitor the price movement of Hive against Bitcoin.
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