Huobi Token (HT) Price Prediction 2023 — Will HT Hit $10 Soon?
- Bullish HT price prediction for 2023 is $5.6249 to $9.9889.
- Huobi Token (HT) price might also reach $10 soon.
- Bearish HT price prediction for 2023 is $3.9750.
In Huobi Token (HT) price prediction 2023, we use statistics, price patterns, RSI, RVOL, and other information about HT to analyze the future movement of the cryptocurrency.
Huobi Token (HT) Current Market Status
Current Price
$5.17
24 – Hour Trading Volume
$9,067,879
24 – Hour Price Change
0.2% up
Circulating Supply
162,300,800
All – Time High
$39.66 (On May 12, 2021)
What is Huobi Token (HT)?
Huobi Token (HT) is the native cryptocurrency of the Huobi Global exchange. It was founded in 2018, which facilitates on-platform governance, rewards, and special event access. It became popular among the early investors which let users invest in trading and Initial Coin Offerings (ICOs).
Huobi Token (HT) Price Prediction 2023
Huobi Token (HT) holds the 48th position on CoinGecko right now. HT price prediction 2023 is explained below with a daily time frame.
A symmetrical triangle is made up of a falling upper trendline and a rising lower trendline. As the price approaches the apex, it will undoubtedly violate the upper trendline, resulting in a breakout and uptrend on rising prices, or it will breach the lower trendline, resulting in a breakdown and downtrend on falling prices.
After drawing two converging trendlines on a chart, a triangle can be seen. The symmetrical triangle differs from the other triangle patterns in that it is a neutral pattern that does not lean in any direction. While the triangle itself is neutral, it still favours the existing trend’s direction, and traders look for breakouts in that direction.
Currently, Huobi Token (HT) is in the range of $5.18. If the pattern continues, the price of HT might reach the resistance levels of $6.67672, and $9.1130. If the trend reverses, then the price of HT may fall to $5.0487 and $4.1241.
Huobi Token (HT) Support and Resistance Levels
The chart below shows the support and resistance levels of Huobi Token (HT).
From the above daily time frame, we can clearly interpret the following as the resistance and support levels for Huobi Token (HT).
| Resistance Level 1 | $5.6249 |
| Resistance Level 2 | $7.7110 |
| Resistance Level 3 | $9.9889 |
| Support Level | $3.9750 |
The charts show that Huobi Token (HT) has performed a bullish trend over the past month. If this trend continues, HT might run along with the bulls overtaking its resistance level at $9.9889.
Accordingly, if the investors turn against crypto, the price of Huobi Token (HT) might plummet to almost $3.9750, a bearish signal.
Huobi Token (HT) Price Prediction 2023 — RVOL, MA, and RSI
The Relative Volume (RVOL) of Huobi Token (HT) is shown in the chart below. It is an indicator of how the current trading volume has changed over a period of time from the previous trading volume. Currently, the RVOL of HT lies below the cutoff line, indicating weak participants in the current trend.
Also, the Moving Average (MA) of Huobi Token (HT) is shown in the chart above. Notably, Huobi Token (HT) price lies below 50 MA (short-term), so it is downward. Currently, HT has entered a bearish state. Therefore, there is a possibility of a reversal trend of HT at any time.
Meanwhile, the relative strength index (RSI) of the HT is 37.23. This means that Huobi Token (HT) is neither nearly in an oversold state. However, this means a major price reversal of HT may occur in the upcoming days. So, traders need to trade carefully.
Huobi Token (HT) Price Prediction 2023 — ADX, RVI
Let us now look at the Average Directional Index (ADX) of Huobi Token (HT). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.
The above chart represents the ADX of Huobi Token (HT). Currently, the ADX of HT lies in the range of 55.8174 and thus, it indicates a strong trend.
The above chart also represents the Relative Volatility Index (RVI) of Huobi Token (HT). RVI measures the constant deviation of price changes over a period of time. The RVI of HT lies above 50, indicating high volatility. In fact, the RSI of Huobi Token (HT) is at 37.23 thus confirming a potential buy signal.
Comparison of HT with BTC, ETH
The below chart shows the price comparison between Bitcoin (BTC), Ethereum (ETH), and Huobi Token (HT).
From the above chart, we can interpret that the price changes of BTC, ETH and HT are moving in a similar trend. This indicates that when the price of ETH and BTC increases or decreases, the price of HT also increases or decreases respectively.
Huobi Token (HT) Price Prediction 2024-2030
Numerous factors are taken into account when forecasting prices including volume changes, price variations, market cycles, and similar coins. Let’s predict the price of Huobi Token (HT) between 2024 and 2030.
Huobi Token (HT) Price Prediction 2024
If the declining price action completely slows down in momentum and the trend reverses, Huobi Token (HT) might probably attain $15 by 2024.
Huobi Token (HT) Price Prediction 2025
With several upgrades in the network, Huobi Token (HT) might enter a bullish trajectory. If the coin grabs the attention of major investors, HT might rally to hit $20 by 2025.
Huobi Token (HT) Price Prediction 2026
If Huobi Token (HT) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 3 years, HT would rally to hit $25.
Huobi Token (HT) Price Prediction 2027
If Huobi Token (HT) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 4 years, HT would rally to hit $30.
Huobi Token (HT) Price Prediction 2028
If Huobi Token (HT) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 5 years, HT would rally to hit $35.
Huobi Token (HT) Price Prediction 2029
If Huobi Token (HT) holds up a strong stance as a better investment option for the next 6 years amid the trends in the highly-volatile crypto market. By driving significant price rallies, HT would hit $40 in 2029.
Huobi Token (HT) Price Prediction 2030
If investors flock in and continue to place their bets on Huobi Token (HT), it would witness major spikes. HT might hit $45 by 2030.
Conclusion
With continuous improvements in the Huobi Token network, we can say that 2023 is a good year for HT. For this reason, the bullish price prediction of Huobi Token (HT) in 2023 is $9.9889. On the other hand, the bearish price prediction of Huobi Token (HT) price prediction for 2023 is $3.9750.
Furthermore, with the advancements and upgrades to the Huobi Token ecosystem, the performance of HT would help to reach above its current all-time high (ATH) of $39.66 very soon. But, it might also reach $10 if the investors believe that HT is a good investment in 2023.
FAQ
Huobi Token is an ecosystem token launched by Huobi Global, which offers benefits such as trading fees and margin discounts, and access to certain trading events.
HT has been listed on many crypto exchanges which include Huobi Global, LBank, FTX, Gate.io, MEXC.
With the ongoing developments and upgrades within the HT platform, it has a high possibility of reaching its ATH soon.
On May 12, 2021, HT reached its new all-time high (ATH) of $39.66.
Huobi Token (HT) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of HT in the past few months, HT is considered a good investment in 2023.
Huobi Token (HT) is one of the active cryptos that continues to maintain its bullish state. Eventually, if this bullish trend continues then Huobi Token (HT) will hit $10 soon.
Huobi Token (HT) price is expected to reach $15 by 2024.
Huobi Token (HT) price is expected to reach $20 by 2025.
Huobi Token (HT) price is expected to reach $25 by 2026.
Huobi Token (HT) price is expected to reach $30 by 2027.
Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.
Read more: https://thenewscrypto.com/huobi-token-price-prediction
Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
