Convergence

Resistance

Divergence

<ul class="list-ic vertical">
 <li><span>1</span> <a>The Huobi token price could not hold out the gains and witnessed a selloff.</a></li>
 <li><span>2</span> <a>The mighty bears have continued pushing the token toward the $1 mark.</a></li>
</ul>
<p>The Huobi token (HT) price witnessed an intense selloff, delivering bearish sentiments on the charts. This week, the token fell from the high of $3.25 and dragged over 60%, signifying a sharp decline despite the market’s bullish sentiments. The token split out the major support zone of $1.70 and made a fresh 52-week low in the previous sessions. The trend is bearish, and major short additions led the token into a significant correction. The token conveys fear among the investors, which leads to a panic selloff.</p>
<p>Huobi (HT) price slips cracked multiple support zones in a single go, and a death crossover was noted, which signifies further selloff may continue. The technicals showcased a massive bearish engulfing candlestick followed by a breakdown of the demand zone, which meant intense selling pressure. The mighty bears look aggressive and will punch the $1 mark soon. HT token price has slipped below the key moving averages and is below the 23.6% Fib retracement zone.</p>
<p>The Huobi token (HT) price was $1.12 at press time, with an intraday drop of 1.90%, showing bearishness on the charts. Moreover, the trading volume has increased by 97.78% to $28.13 Million. The pair of HT/BTC is at 0.0000182 BTC, and the market cap is $572.56 Million. Analysts are neutral and suggest that the HT token</p>
<p>price will continue to face a selloff and slip below $1 soon.</p>
<h2 class="wp-block-heading" id="strong-huobi-displays-a-breakdown-will-the-selloff-persist-strong"><strong>Huobi Displays a Breakdown: Will the Selloff Persist?</strong></h2>
<div class="wp-block-image">
 <figure class="aligncenter"><img loading="lazy" decoding="async" width="1600" height="741" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-472.png" alt=" Huobi token" class="wp-image-194903" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-472.png 1600w, https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-472-300x139.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-472-1024x474.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-472-768x356.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-472-1536x711.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-472-750x347.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-472-1140x528.png 1140w" sizes="(max-width: 1600px) 100vw, 1600px">
  <figcaption class="wp-element-caption">
   Source: HT Price Chart By TradingView
  </figcaption>
 </figure>
</div>
<p>The Huobi price has persisted in dragging gains and has been in a severe downtrend for the past weeks. Additionally, the price action witnessed an intense breakdown with substantial volume, conveying the sellers’ intent to push the token below the $1 mark to unlock the downside of $0.500.</p>
<p>The Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) indicators signify a bearish crossover and the sellers’ dominance. Furthermore, the indicators convey a bearish outlook, and the token may continue to slide gains for the following sessions.</p>
<h3 class="wp-block-heading" id="strong-ht-exhibits-bearish-dominance-can-bulls-regain-strength-strong"><strong>HT Exhibits Bearish Dominance: Can Bulls Regain Strength?</strong></h3>
<div class="wp-block-image">
 <figure class="aligncenter"><img loading="lazy" decoding="async" width="1600" height="741" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-473.png" alt=" Huobi token" class="wp-image-194904" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-473.png 1600w, https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-473-300x139.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-473-1024x474.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-473-768x356.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-473-1536x711.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-473-750x347.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-473-1140x528.png 1140w" sizes="(max-width: 1600px) 100vw, 1600px">
  <figcaption class="wp-element-caption">
   Source: HT Price Chart By TradingView
  </figcaption>
 </figure>
</div>
<p>On the weekly charts, HT price has retested the demand zone of $1.20, but the bulls could not hold the region and made a fresh 52-week low mark of $0.8629 this week. The trend is negative; an intense correction was witnessed in the past sessions. However, bulls need to hold the gains and try to consolidate the token to prevent any further selloff.&nbsp;</p>
<h3 class="wp-block-heading" id="strong-summary-strong"><strong>Summary</strong></h3>
<p>The <a href="https://www.thecoinrepublic.com/2024/02/10/huobi-token-can-ht-crypto-price-deteriorate-or-rise-soon/" target="_blank" rel="noopener noreferrer nofollow">Huobi token</a> (HT) price depicted follow-on selling momentum, and an intense selloff was witnessed in the past sessions. The token replicates the bearish sentiments and may slip below the round mark of $1 soon.</p>
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4>
<p><strong>Support Levels:</strong> $1.00 and $0.8800</p>
<p><strong>Resistance Levels:</strong>$1.30 and $1.50</p>
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5>
<p>The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice.&nbsp;</p>

Huobi is Differing from Market Trend: Will HT Defend the $1 Mark?

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