My Perspective On Hive Trade GPT (My own Price Analysis Report)

When logging into my bybit Exchange account,to check on current price of Hive coin and how it is been trade on the market,it market Gap and total supply,I make some key findings about my search.

So I started with current price,as at that 5:pm in my local time Nigeria time,hive was trading at $0.2680,so when checking out on the previous day the price has decreased by 1.51% a 24hrs price change ,the price range according to what i see was also changing as the highest price before was $0.2784 last 24 hrs later as i checked again was with $0.2564 lowest.

Hive support and resistance levels is what am having fear, will I say it will give positive change in subsequent months?as at that moment it was showing the support level at $0.2608 whereas the resistance level was $0.2808, with this I will say that the net capital flow is positive which indicates a slight inflows to capital into Hive.

I will also talk about the capital flows and technical indicators, firstly I will go with the capital inflow which consist of inflow, outflow and netflow,so at that moment the inflows was $971.884, the out flow was $967.085 whereas the netflow was $4,799, looking at this point,the positive netflow makes me to suggest that there's slight increase in buying pressure which could bring about price stability as a matter of fact.

Looking at the technical indicators,I discovered that indicator like Bullish is showing that there's no significant sgnals indicated for hive and also the bearish indicator shows that the Relative Strength Index (RSI) is showing that hive is currently overbought and a potential short term price correction.

In my conclusion,I observed that hive is experiencing slight downward trend , with a current price of $0.2860, which the market shows a positive net capital flow , the overbought shows by RSI give caution to investors .

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