Huobi Token Price Prediction — Will HT Hit $20 Soon?
- Bullish HT price prediction is $10.18 to $17.67.
- The HT price will also reach $20 soon.
- HT bearish market price prediction for 2022 is $4.16.
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 Current Market Status
According to CoinGecko, the price of HT is $9.97 with a 24-hour trading volume of $45,086,005 at the time of writing. However, HT has decreased nearly 1.6% in the last 24 hours.
Moreover, HT has a circulating supply of 156,741,729 HT. Currently, HT trades in cryptocurrency exchanges such as CoinTiger, FTX, Huobi Global, KuCoin, and Gate.io..
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 holds the 76th position on CoinGecko right now. HT price prediction 2022 is explained below with a daily time frame.
The symmetric triangle chart pattern shows the period of consolidation that may force a price breakdown or breakout. More so, a breakdown from the lower trendline indicates the beginning of a new bearish trend. On other hand, a breakout from the upper trendline signal shows the beginning of a new bullish trend. Traders also use moving averages in conjunction with a symmetrical triangle chart pattern to trail their stop loss.
Currently, HT is in the range of $9.97. If the pattern continues, the price of HT might reach the resistance level of $17.67. If the trend reverses, then the price of HT may fall to $5.76.
Huobi Token (HT) Support and Resistance Level
The below chart shows the support and resistance level of HT.
From the above daily time frame, it is clear the following are the resistance and support levels of HT.
- Resistance Level 1 – $11.05
- Resistance Level 2 – $15.06
- Resistance Level 3 – $22.90
- Support Level 1 – $7.44
- Support Level 2 – $5.30
- Support Level 3 – $4.16
The charts show that 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 $22.90.
Accordingly, if the investors turn against the crypto, the price of the HT might plummet to almost $4.16, a bearish signal.
Huobi Token Price Prediction 2022 — RVOL, MA, and RSI
The Relative Volume (RVOL) of HT is shown in the below chart. It is an indicator of how the current trading volume has changed over a period of time from the previous volume for traders. Currently, the RVOL of HT lies below the cutoff line, indicating weaker participants in the current trend.
More so, the HT’s Moving Average (MA) is shown in the chart above. Currently, HT is in a bullish state. Notably, the HT price lies above 50 MA (short-term), so it is completely in an upward trend. Therefore, there is a possibility of a reversal trend of HT at any time.
Meanwhile, the relative strength index (RSI) of the HT is at level 60.89. This means that HT is in a nearly overbought state. However, this means a major price reversal of HT may occur in the upcoming days.
Huobi Token Price Prediction 2022 — ADX, RVI
Let us now look at Huobi Token’s Average Directional Index (ADX). 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. Currently, HT lies in the range of 22.6, so it indicates a weak trend.
From the above chart, the Relative Volatility Index (RVI) of HT. RVI measures the constant deviation of price changes over a period of time rather than price changes. The RVI of HT lies above the 50 levels, indicating that the direction of volatility is high. In fact, HT’s RSI is at 60.89 level thus confirming a potential buy signal.
Comparison of HT with BTC, ETH
The below chart shows the price comparison between Bitcoin, Ethereum, and Huobi Token.
From the above chart, we can identify the trend of the ETH and BTC is moving at the same level as the trend. But, the recent trend of HT moves in an upward direction.
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 in 2022 is $17.67. On the other hand, the bearish HT price prediction for 2022 is $4.16.
Furthermore, with the advancements and upgrades on the HT ecosystem, the performance of HT would help to reach above its current all-time high (ATH) $15 very soon. But, it might also reach $20 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 CoinTiger, FTX, Huobi Global, KuCoin, and Gate.io.
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 $20 soon.
Huobi Token (HT) price is expected to reach $32 by 2023.
Huobi Token (HT) price is expected to reach $45 by 2024.
Huobi Token (HT) price is expected to reach $58 by 2025.
Huobi Token (HT) price is expected to reach $70 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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