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- Huobi Token (HT) price has outperformed over the past few days.
- HT Crypto price gained over 70% of its value in October after reversing from its annual low.
- In terms of the daily price chart, Huobi token price is trading above important moving averages such as 20, 50, 100 and 200.
After a long time, Huobi Token Price (HT) is back from its closing cost in October. HT Crypto price is looking strongly bullish these days as investors continue to invest money to buy the downtrend in the market. Now the market sentiment is positive as the market leader – bitcoin makes a recovery above the $19K support level.
Huobi Token (HT) consolidated below a bearish trend line (bottom of chart) before overcoming selling pressure. On October 10th, buyers were extremely aggressive, so the crypto recovered 31.8% in just one day. After this sharp jump, Bears never attempted a sell-off until October.
The Huobi token prcice against the USDT pair stays at $7.64 mark at the time of writing. Although, the price seems bearish in the intraday trading session by 1.14% now. Amid roller-coaster ride, buyers again are going to be aggressive in the later retracement phase in the last five days. Moreover, the HT token concerning Bitcoin is down 1.7% at 0.0003909 Satoshis.
Amid uptrend, HT crypto price regained over 70% value in October month after reversing from annual low. Notably, In terms of the daily price chart, Houbi token price is trading above the significant moving average like 20,50,100 and 200. Furthermore, 200 DMA turned into immediate support.
Against the Bullish trend of the Houbi token, the RSI indicator started making higher-lows formation into the overbought zone. In the upcoming session, buyers may see a price drop. In contrast, MACD continues moving higher in the positive region along with higher-highs histograms.
Conclusion
The Houbi token price (HT) is headed towards the next conceptual round level of $10. Buyers await for this resistance level test to dump crypto price. Besides, buyers flipped the $5.5 level into an immediate support zone. Notably, the RSI indicator started making higher-lows formation.
Support level – $5.5 and $4.0
Resistance level – $8.0 and $10
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
