Huobi Token trading at $9.22 began a strong uptrend from $4.07 on Oct. 10 to $8.20 on Oct. 14, a 101% increase in five days. This indicates that the bulls have taken control.
a strong uptrend from $4.07 on Oct. 10 to $8.20 on Oct. 14, a 101% increase in five days. This indicates that the bulls have taken control.
Huobi is currently on a massive uptrend. Its current price action suggests that it may end the month even stronger than it began. If it continues to rise, it will almost certainly reach new highs by November.
Despite the fact that coins like Bitcoin and Ethereum started out strong, they are still unable to keep decent gains. Yesterday, Bitcoin fell below the $21,000 mark. Huobi is another coin that had a terrible start to October. However, it quickly reversed course and began climbing again.
The Huobi Token (HT) is currently trading at $9.25. Looking at its price range since the beginning of the month, you can see it has risen significantly in recent weeks. Starting in October, the Huobi token traded at $4.43. It fell sharply over the next few days, reaching $3.99 on October 2nd.
It regained momentum after 10 days and began making bullish jumps. Huobi has maintained gains of over 111% between October 1st and today, October 26th. This is a huge gain for any coin, especially one that isn't as well-known as others.
The 4-hour chart shows that the price has recovered from the 20-EMA, but the bulls are still consolidating near higher levels. The 20-EMA has flattened out and the RSI has risen above the midpoint, indicating that bullish momentum is establishing. If the price breaks and holds below the 20-EMA, the 50-SMA could be the next stop. Bulls must push the price above the previous high of $9.70 in order to reclaim the upper hand.
According to Crypto Price Analysis, The market capitalization of this HT is estimated to be $1,420,010,696. The 24-hour trading volume for the coin is around $41,213,452. HT market capitalization has risen by 3.71%. However, trade volume decreased by 21.92% during intraday trading.
On the upside, $9.70 is an immediate resistance level. $10.20 represents the next significant level of resistance. A break above $10.20 could start a new upward trend. In the aforementioned example, the cost could reach $11.00. Any further increases could push the price above the $11.70 mark.
If the HT price does not rise above $9.70, it may begin to fall. The initial support level is $8.70 on the downside. The next critical level of support is $8.00. A break below $8.00 could cause a significant downward correction. The Huobi Token price could fall below $7.00 in the aforementioned scenario.
KEY LEVELS :
RESISTANCE LEVEL : $9.75-$10.50
SUPPORT LEVEL : $8.50-$8.00
After a 135% increase in 10 days, the HUOBI token is trading near a six-month high. Will HT cross $10 if the bullish trend continues? Have you previously invested in this token?
