Market Overview for Hive/Bitcoin (HIVEBTC) - October 24, 2025

• Price action for Hive/Bitcoin (HIVEBTC) remained range-bound near 1.23e-06 for most of the 24-hour period, with limited directional momentum.
• A brief upward push to 1.25e-06 occurred mid-day, but failed to hold, suggesting a lack of sustained buying pressure.
• Volume spiked at 02:30 ET and 05:15 ET, coinciding with minor price corrections, but lacked follow-through.
• RSI and MACD showed muted readings, consistent with low volatility and a sideways trend.
• A minor break below 1.23e-06 occurred overnight, with limited reaction, indicating weak bearish conviction.

Hive/Bitcoin (HIVEBTC) opened at 1.23e-06 on October 23 at 12:00 ET and reached a high of 1.25e-06 and a low of 1.22e-06 before closing at 1.23e-06 on October 24 at 12:00 ET. Total volume amounted to 113,818.0 HIVE, with a notional turnover of approximately 0.1397 BTC.

The pair remained range-bound within a narrow corridor between 1.22e-06 and 1.25e-06 for the majority of the 24-hour period. The 20- and 50-period moving averages on the 15-minute chart remained tightly clustered near the midpoint of this range, indicating no clear directional bias. A brief attempt to break above 1.25e-06 during the late afternoon ET was met with limited follow-through, and the price retraced to close the session near its opening level. A minor bearish break occurred overnight, with a low of 1.22e-06, but failed to trigger a significant move lower.

On the momentum side, the RSI remained in the 45–50 range throughout the session, reflecting a lack of overbought or oversold conditions. MACD indicators were centered around zero with narrow histogram bars, suggesting minimal net momentum. Bollinger Bands remained relatively narrow, indicating low volatility, with price often trading near the midline of the bands. A slight expansion occurred during the overnight trading session, but price failed to make a decisive move in either direction.

Volume and turnover were unevenly distributed, with several spikes in HIVE volume occurring during minor price corrections, such as at 02:30 ET and 05:15 ET. However, these increases did not result in sustained directional moves. A large volume of 20,059.0 HIVE occurred at 12:45 PM ET, coinciding with a small upward tick to 1.24e-06. This could signal accumulation but remains unconfirmed without follow-through. No clear divergence between volume and price was observed, but the overall low-volume profile suggests limited interest.

A 38.2% Fibonacci retracement level from the recent low (1.22e-06) to the high (1.25e-06) sits at 1.237e-06, while the 61.8% retracement is at 1.232e-06. The closing price of 1.23e-06 is near the 61.8% level, which may offer temporary support. Over the next 24 hours, a breakout above 1.25e-06 could indicate a potential shift in sentiment, but given the current low volatility and muted momentum, traders may want to remain cautious. A further pullback below 1.22e-06 could test the durability of the support.

The backtest hypothesis involves identifying and evaluating the performance of the “Bullish Engulfing” candlestick pattern. This pattern is considered a potential reversal signal, especially in a downtrend. To proceed with the backtest, a valid U.S.-listed stock ticker is required to source historical data. The strategy involves holding for three calendar days after the pattern is confirmed and comparing returns against a benchmark, such as SPY or QQQ, over a defined period (e.g., 2022–2025). While HIVEBTC has not shown a Bullish Engulfing pattern in the last 24 hours, the methodology could be applied to other assets where such patterns are identifiable. If a suitable ticker is provided, the test can be executed to assess the pattern’s predictive and profitability value under real market conditions.