$HIVE is sitting right around 0.0600 right now, down about half a percent in the last 24 hours. It's been a tough year for it overall, down around 78 percent over the past year and still struggling in that longer term downtrend.

Looking at the chart, the price has been sliding lower for a while now after coming down from the 0.10 area. There was a decent spike up recently with a tall green candle but it got rejected pretty quickly and now it's consolidating in this 0.058 to 0.065 zone. The Bollinger Bands show the middle line around 0.0632 with the upper band at 0.0715 and lower at 0.0549. Price is kind of floating near the middle after testing the lower side.

The RSI at 46 is pretty neutral, not screaming oversold or anything. Volume has been okay with over 52 million HIVE traded in 24 hours, and that recent spike did bring some interest before fading out.

Near term, it needs to push above 0.068 to really look bullish again. Otherwise it feels like it could test lower toward 0.055 if the selling picks up. It's been a rough ride for this Layer 1/2 token but crypto can turn quick on a good catalyst or Bitcoin move. #Hive
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