The euphoria of high prices that kept HIVE above 0.80$ seems to have diminished, at the moment many users are in a state of panic to see how the price of HIVE is around 0.61$, now as I mentioned in the previous post the cryptocurrency market shows healthy signs, and if not let's see the lateralized behavior that has shown the Bitcoin in the months of February and March.

From my perspective, this lateralization experienced by Bitcoin has meant a highly favorable scenario that has given opportunities for alternative cryptos to recover, among which HIVE in the last three weeks was able to develop a bullish channel that allowed it to reach $1.04. However, it is important to analyze that the current price collapse is part of a healthy and temporary correction where HIVE can look for $0.55, which is probably where the bottom line of the bullish channel is located, allowing it to take oxygen and continue its bullish channel.

Caution should be exercised when trading and more so considering that Bitcoin is touching the upper line of its probable sideways channel, however, the recent HIVE lows may be a temporary correction before Bitcoin prices resume their uptrend.