$HIVE 's price has decreased by 2.117% in the last 24 hours, reflecting ongoing weakness in the overall downtrend.
With a high of 0.2067 and a low of 0.1971, prices are confined within the Bollinger Bands, indicating decreased volatility.
Support at 0.1971 will be critical; failure to hold could lead to further declines.
Macroeconomic factors such as inflation concerns and regulatory uncertainties may pressure cryptocurrencies broadly.
Bitcoin's correlation appears undefined, suggesting that HIVE's movements are mostly driven by its own technicals.
Traders should consider a short-term approach given current volatility and the bearish trend.
Key takeaway: Engage with caution, as HIVE may experience more significant fluctuations if it breaches established support levels.
