Token

Future

Resistance

Huobi Token

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>Huobi Token’s price decreased by 17.46% over the past seven days.</a> </li> 
 <li> <span>2</span> <a>HT crypto price is facing bearish pressure on the daily timeframe.</a> </li> 
</ul> 
<p>Huobi Token’s crypto price has been struggling to break above the $2.50 resistance level and has been stuck below it. Currently, Huobi Token cryptos need more buyers to support an upward movement toward recovery.</p> 
<p>Nevertheless, the trading volume is low, which indicates a lack of interest and momentum. At the same time, Huobi Token cryptos have been trading below the 20, 50, 100, and 200-day daily moving averages, which are bearish signals.</p> 
<p>Huobi Token’s crypto price lost 17.46% last week; it fell by 25.26% in the month. Moreover, HT crypto witnessed a decline of about 23.98% in the past six months and a plunge of 59.48% over the past year.</p> 
<p>Also, the HT crypto price has dropped by around 22.03% year to date. These trends collectively show the challenges faced by Huobi Token cryptos in their recovery efforts throughout the year.</p> 
<p>Technical indicators suggest the downside trend of Huobi Token’s price. The relative strength index (RSI) and moving average convergence divergence (MACD) both indicate the slippage of Huobi Token crypto price.</p> 
<p>Currently, the price requires substantial support from the buyers to make a recovery as it is encountering major resistance from the previous resistance points and numerous moving average levels. Buyers are pulling the price action into their grasp, according to the candlestick patterns.</p> 
<p>The price may soon attempt to make a bullish recovery. Nevertheless, as it is trading under the major EMA levels, the buyers will have to encounter multiple resistance levels to achieve the target. Buyers are presently making continuous efforts to retake charge of the trend.</p> 
<p>On the daily charts, Huobi Token crypto shows sellers’ dominance and slipped below neutrality, showing a negative outlook on the charts.&nbsp;</p> 
<p>Overall, the technical indicators and price action suggest that Huobi Token crypto is bearish and that the downtrend may continue.</p> 
<h2 class="wp-block-heading" id="strong-technical-analysis-of-the-huobi-token-crypto-strong"><strong>Technical Analysis of the Huobi Token Crypto</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter">
  <img loading="lazy" decoding="async" width="1272" height="533" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/01/image-460.png" alt="The Future of Huobi Token: What to Expect in 2023 and Beyond" class="wp-image-189709" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/01/image-460.png 1272w, https://www.thecoinrepublic.com/wp-content/uploads/2024/01/image-460-300x126.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/01/image-460-1024x429.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/01/image-460-768x322.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/01/image-460-750x314.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2024/01/image-460-1140x478.png 1140w" sizes="(max-width: 1272px) 100vw, 1272px">
  <figcaption class="wp-element-caption">
   Source: Tradingview
  </figcaption>
 </figure>
</div> 
<p>Huobi Token crypto has shown sellers’ strength and profit booking in the crypto was recorded on the daily charts. Moreover, the price traded under the major EMAs shows further drawbacks in the crypto.&nbsp;</p> 
<p>The RSI curve is near the oversold region, and a negative outlook was noted, indicating bearishness in the crypto. The MACD indicator also continued to form red bars and a bearish crossover was reported, which signals correctional moves.</p> 
<h3 class="wp-block-heading" id="strong-summary-strong"><strong>Summary</strong></h3> 
<p><a href="https://www.thecoinrepublic.com/2024/01/21/curve-dao-token-price-prediction-whats-next-on-the-crv-chart/" target="_blank" rel="noreferrer noopener">Huobi Token (USD: HT)</a> technical oscillators reinforce the bearish trend. The MACD, RSI, and EMAs are emphasizing negative signs and imply that the downtrend may continue in the HT crypto price. Huobi Token Price action suggests that the investors and traders are bearish on the 1-D time frame. The price action reflects a bearish outlookat the moment.</p> 
<h3 class="wp-block-heading" id="strong-technical-levels-strong"><strong>Technical Levels</strong></h3> 
<p>Support Level: The Huobi Token crypto price may find support at $1.4098, where it could bounce back or stabilize.</p> 
<p>Resistance level: The HT crypto price may face resistance at $2.440, where it could reverse or consolidate.</p> 
<h3 class="wp-block-heading" id="strong-disclaimer-strong"><strong>Disclaimer</strong></h3> 
<p>This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your own research before making any financial decisions.</p>

The Future of Huobi Token: What to Expect in 2023 and Beyond

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Thecoinrepublic.com

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