Huobi Token Price Prediction 2022 — Will HT Hit $10 Soon?
- Bullish HT price prediction is $7.6882 to $9.9745.
- Huobi Token (HT) price might also reach $10 soon.
- Bearish HT price prediction for 2022 is $4.3224.
In Huobi Token’s (HT) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and much other information about HT to analyze the future movement of the cryptocurrency.
Huobi Token (HT) Current Market Status
According to CoinGecko, the price of Huobi Token (HT) is $8.11 with a 24-hour trading volume of $83,250,018 at the time of writing. However, HT has increased by nearly 11.2% in the last 24 hours.
Huobi Token (HT) has a circulating supply of 130,991,704 HT. Currently, Huobi Token (HT) trades in cryptocurrency exchanges such as Huobi Global, LBank, FTX, Gate.io, MEXC.
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 2022
Huobi Token (HT) holds the 51st position on CoinGecko right now. HT price prediction 2022 is explained below with a daily time frame.
The above chart of Huobi Token (HT) laid out the Horizontal channel pattern. Horizontal channel also known as the sideways trend. In general, the horizontal channel is formed during the price consolidation. In this pattern, the upper trendline, the line which connects the highs, and the lower trendline, line which connects the lows, run horizontally parallel and the price action is contained within it. A horizontal channel is often regarded as one of the suitable patterns for timing the market as the buying and selling points are in consolidation.
Currently, Huobi Token (HT) is in the range of $7.4086. If the pattern continues, the price of HT might reach the resistance levels of $7.7562, and $10.5529. If the trend reverses, then the price of HT may fall to $5.7700 and $4.2924.
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 | $7.6882 |
| Resistance Level 2 | $9.9745 |
| Resistance Level 3 | $5.6166 |
| Support Level | $4.3224 |
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 $9.9745
Accordingly, if the investors turn against crypto, the price of Huobi Token (HT) might plummet to almost $4.3224, a bearish signal.
Huobi Token (HT) Price Prediction 2022 — 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 above 50 MA (short-term), so it is in an uptrend. Currently, HT has entered a bullish 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 86.94. This means that Huobi Token (HT) is in an overbought 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 2022 — 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 48.5932 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 86.94 thus confirming a potential sell 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 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 2023
If the declining price action completely slows down in momentum and the trend reverses, Huobi Token (HT) might probably attain $15by 2023.
Huobi Token (HT) Price Prediction 2024
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 2024.
Huobi Token (HT) Price Prediction 2025
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 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 4 years, HT would rally to hit $30.
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 5 years, HT would rally to hit $35.
Huobi Token (HT) Price Prediction 2028
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 2028.
Huobi Token (HT) Price Prediction 2029
If investors flock in and continue to place their bets on Huobi Token (HT), it would witness major spikes. HT might hit $45 by 2029.
Huobi Token (HT) Price Prediction 2030
With greater advancements in the Huobi Token ecosystem, the crypto community might continue to invest in HT for the next 8 years and drive significant price rallies for the token. Hence, Huobi Token (HT) might hit $50 by 2030.
Conclusion
With continuous improvements in the Huobi Token network, we can say that 2022 is a good year for HT. For this reason, the bullish price prediction of Huobi Token (HT) in 2022 is $9.9745. On the other hand, the bearish price prediction of Huobi Token (HT) price prediction for 2022 is $4.3224.
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 2022.
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 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 2022.
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 2023.
Huobi Token (HT) price is expected to reach $20 by 2024.
Huobi Token (HT) price is expected to reach $25 by 2025.
Huobi Token (HT) price is expected to reach $30 by 2026.
Disclaimer: The opinion expressed in this chart solely author’s. It does not interpreted as investment advice. TheNewsCrypto team encourages all to do their own research before investing.
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Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
