Market Overview: Hive (HIVEUSDT) 24-Hour Analysis

• Hive (HIVEUSDT) broke a 15-minute ascending wedge before a sharp decline into late ET hours.
• Momentum diverged in late overnight trading, with RSI failing to confirm bullish price action.
• Volatility expanded sharply during the 12-hour downtrend, with volume spiking below key support at 0.2200.
• A bearish engulfing pattern emerged near 0.2240, suggesting further downside risk into 0.2200.
• The 24-hour session closed below 50-period MA on 15-minute charts, confirming bearish bias.

Hive (HIVEUSDT) opened at $0.2246 on 2025-08-10 12:00 ET and closed at $0.2191 the following day at 12:00 ET, with a high of $0.2289 and a low of $0.2181. Total 24-hour volume reached 1,919,820 units, with a notional turnover of $430,239.

Structure & Formations

The 24-hour candlestick chart displayed a pronounced bearish bias, with Hive forming a 15-minute ascending wedge that collapsed around 0.2260 on 2025-08-10 23:45 ET. A bearish engulfing pattern formed near 0.2240, with the close of 0.2240 falling below the open of 0.2246. This suggests a potential short-term continuation of bearish momentum. The price then fell through key support levels at 0.2240 and 0.2200, with the 15-minute chart confirming a breakdown of the 50-period moving average, suggesting a possible extension into 0.2180–0.2170.

Moving Averages

On the 15-minute chart, Hive traded below both the 20- and 50-period moving averages in the final hours of the 24-hour session, reinforcing the bearish trend. The daily chart showed the 50-period MA at approximately 0.2240, with the 200-period MA providing potential long-term resistance around 0.2250. Hive closed below the 50-period MA, indicating a bearish bias over the short to medium term.

MACD & RSI

The MACD turned negative in the final 8 hours of the session, with the histogram narrowing on the downtrend. RSI failed to confirm the price rally near 0.2280, peaking at 61.8 before falling into oversold territory. This suggests weakening bullish momentum and a potential continuation of the bearish phase into the next 24 hours.

Bollinger Bands

Volatility expanded as Hive moved into the lower band of the Bollinger Bands between 0.2215 and 0.2181. The price closed within the lower band, indicating a possible exhaustion of the current bearish trend. A contraction may follow before any meaningful reversal or continuation.

Volume & Turnover

Volume surged during the sharp decline from 0.2280 to 0.2180, with the largest single 15-minute volume spike occurring at 2025-08-11 11:45 ET (vol: 106,971), as the price fell to 0.2200. Turnover peaked at the same point, confirming the bearish breakdown. A volume divergence appeared in the final 6 hours as price continued to fall with diminishing turnover, suggesting potential exhaustion.

Fibonacci Retracements

The 15-minute Fibonacci retracement levels showed Hive falling to the 61.8% level at 0.2230 before accelerating into 0.2181. On the daily chart, the 0.2200 level represents a 61.8% retracement from the 0.2289 high, now acting as a potential short-term support. A bounce or breakdown from this level could determine the next directional move.

Hive may remain range-bound between 0.2170 and 0.2230 in the next 24 hours if the 0.2200 level holds. However, a breakdown below 0.2180 could increase downside risk toward 0.2150. Investors should remain cautious and monitor volume and RSI for signs of exhaustion or reversal.