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Huobi Token (HT) Soars More Than 15% Over the Last 24 Hours

Published 10/23/2022, 05:56 AM
Updated 10/23/2022, 06:00 AM
Huobi Token (HT) Soars More Than 15% Over the Last 24 Hours

  • Huobi Token (HT) is trading at $9.00 at press time.
  • The 24-hour trading volume for Huobi Token (HT) has surged 140%.
  • Bullishness on HT’s daily chart suggests that the positive move may continue.

Huobi Token (HT) has had a great month so far. According to the crypto market tracking website, CoinMarketCap, HT is currently trading at $9.00 after a 15.27% increase in price over the last 24 hours, and after reaching a high of $9.09 over the same time period. In addition to this, the crypto is in the green by more than 21% over the last week.

HT’s 24-hour trading volume is also in the green by more than 140% to now stand at around $63,725,143. The cryptocurrency’s market cap of $1,382,828,224 makes it the 38th biggest crypto in terms of market cap, and places HT right behind ApeCoin (APE) in the 37th position and in front of Hedera (HBAR) in the 39th position.

HT was also able to strengthen against the two biggest cryptos in the market, Bitcoin (BTC) and Ethereum (ETH), by around 15.31% and 14.44% respectively.

HT/USDT daily chart (Source: CoinMarketCap)

HT has completely blown past the resistance level at $5.50 after a massive influx of buy volume entered the market. One early sign that the move upward would be near-parabolic is the 9 EMA line crossing bullishly above the 20 EMA line. Since then, the price of HT has soared from $4.00 to its current price.

The daily chart for HT is still bullish as the daily RSI line is positioned above the daily RSI SMA line and is also sloped bullishly towards overbought territory. In addition to the bullishness seen in the daily RSI indicator, the 9 EMA line is still positioned above the 20 EMA line, with the gap between the two lines widening.

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Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

The post Huobi Token (HT) Soars More Than 15% Over the Last 24 Hours appeared first on Coin Edition.

See original on CoinEdition

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