Huobi Token is Trading 11.82% Above Our Price Prediction for Dec 08, 2022

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

  • Huobi Token is up 3.12% today against the US Dollar
  • HT/BTC increased by 2.36% today
  • Huobi Token is currently trading 11.82% above our prediction on Dec 08, 2022
  • Huobi Token dropped -24.14% in the last month and is down -28.77% since 1 year ago
Huobi Token price $ 6.81
Huobi Token prediction $ 6.09 (-10.57%)
Sentiment Bearish
Fear & Greed index 27 (Fear)
Key support levels $ 6.67, $ 6.46, $ 6.36
Key resistance levels $ 6.98, $ 7.09, $ 7.30

HT price is expected to drop by -10.57% in the next 5 days according to our Huobi Token price prediction

is trading at $ 6.81 after gaining 3.12% in the last 24 hours. The coin outperformed the cryptocurrency market, as the total crypto market cap increased by 0.74% in the same time period. HT performed well against BTC today and recorded a 2.36% gain against the world’s largest cryptocurrency.

According to our Huobi Token price prediction, HT is expected to reach a price of $ 6.09 by Dec 08, 2022. This would represent a -10.57% price decrease for HT in the next 5 days.

HT Price Prediction Chart

Buy/Sell Huobi Token

What has been going on with Huobi Token in the last 30 days

Huobi Token has been displaying a negative trend recently, as the coin lost -24.14% in the last 30-days. The medium-term trend for Huobi Token has been bullish, with HT increasing by 44.31% in the last 3 months. The long-term picture for Huobi Token has been negative, as HT is currently displaying a -28.77% 1-year price change. On this day last year, HT was trading at $ 9.57.

Huobi Token reached its all-time high price on May 12, 2021, when the price of HT peaked at $ 39.68. The current HT cycle high is $ 7.31, while the cycle low is at $ 3.86. HT has been displaying high volatility recently – the 1-month volatility of the coin is at 22.04. Huobi Token recorded 13 green days in the last 30 days.

Huobi Token technical analysis for today – Dec 03, 2022

The sentiment in the Huobi Token markets is currently Bearish, and the Fear & Greed index is reading Fear. The most important support levels to watch are $ 6.67, $ 6.46 and $ 6.36, while $ 6.98, $ 7.09 and $ 7.30 are the key resistance levels.

Bearish sentiment for Huobi Token

14 indicators are currently signaling a bullish prediction for Huobi Token, while 18 indicators are showing a bearish forecast. With 56% of indicators favoring a negative prediction. This results in an overall Bearish sentiment for Huobi Token.

Crypto market is currently experiencing Fear

Currently, the Fear & Greed index is at 27 (Fear), which signals that investors have a negative outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.

Huobi Token moving averages & oscillators

Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how Huobi Token is positioned in the market right now.

Period Daily Simple Daily Exponential Weekly Simple Weekly Exponential
MA3 $ 6.85 (SELL) $ 6.88 (SELL)
MA5 $ 6.77 (BUY) $ 6.83 (SELL)
MA10 $ 6.55 (BUY) $ 6.59 (BUY)
MA21 $ 5.61 (BUY) $ 6.28 (BUY) $ 5.54 (BUY) $ 6.19 (BUY)
MA50 $ 7.01 (SELL) $ 6.30 (BUY) $ 7.14 (SELL) $ 7.02 (SELL)
MA100 $ 5.85 (BUY) $ 6.11 (BUY) $ 10.11 (SELL) $ 7.71 (SELL)
MA200 $ 5.61 (BUY) $ 6.31 (BUY) $ 6.89 (SELL) $ 7.27 (SELL)
Period Value Action
RSI (14) 57.10 SELL
Stoch RSI (14) 88.34 SELL
Stochastic Fast (14) 80.58 SELL
Commodity Channel Index (20) 66.67 NEUTRAL
Average Directional Index (14) 19.48 NEUTRAL
Awesome Oscillator (5, 34) 0.28 NEUTRAL
Momentum (10) 1.96 NEUTRAL
MACD (12, 26) 0.26 NEUTRAL
Williams Percent Range (14) -19.42 SELL
Ultimate Oscillator (7, 14, 28) 58.63 NEUTRAL
VWMA (10) 6.46 BUY
Hull Moving Average (9) 7.12 SELL
Ichimoku Cloud B/L (9, 26, 52, 26) 6.29 NEUTRAL

The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for Huobi Token is at 57.10, suggesting that HT is currently neutral.

The 50-day Simple Moving Average (SMA 50) takes into account the closing price of Huobi Token over the last 50 days. Currently, Huobi Token is trading below the SMA 50 trendline, which is a bearish signal.

Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the HT closing price for the last 200 days. HT is now trading below the SMA 200, signaling that the market is currently bearish.

The bottom line about this Huobi Token prediction

After considering the above factors, we can conclude that the current forecast for Huobi Token price prediction is Bearish. HT would have to decrease by -10.57% to hit our $ 6.09 target within the next five days. Moving forward, it will be important to monitor the HT market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. For long-term Huobi Token price predictions click here.

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

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