HIVE Digital Plunges 11.26% as Profit-Taking and Technical Indicators Trigger Sell-Off

HIVE Digital plunged 11.26% in pre-market trading on Nov 13, 2025, signaling a sharp reversal after a recent rebound. The steep decline came amid heightened volatility following mixed signals from its broader market exposure and technical indicators suggesting overbought conditions ahead of the drop.

Analysts attributed the selloff to profit-taking after a brief consolidation phase, with short-term traders unwinding long positions triggered by failed resistance levels at key Fibonacci retracement thresholds. The move also reflected broader sentiment shifts in the sector, where speculative flows have shown increasing sensitivity to macroeconomic data releases.

While the company's fundamentals remain unchanged, the technical breakdown has reignited discussions about its exposure to algorithmic trading pressures. Market participants are now closely monitoring support levels at critical moving averages to gauge whether the decline represents a temporary correction or a more sustained bearish trend.