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HT Price Analysis: The breakout is getting closer


The Huobi Global Ecological Token- Huobi Token (HT) ranks 16 on the Coinmarketcap. The price of HT at the time of writing was $3.8114 and the market cap was about $922 million. BiKi traded a major chunk of Huobi Tokens i.e. about $48 million of these tokens via HT / USDT pair.

2 Hour Chart

Source: HT / USDT TradingView

The two-hour chart exhibited an uptrend extending from $3.3897 to $3.7398 and a downtrend from $4.0440 to $3.9312. The immediate resistance stood at $3.9213 and the subsequent resistance at $3.9704 while the immediate support was held at $3.8396 and the subsequent support at $3.7921.

Parabolic SAR: The dotted line was coming down indicating the presence of the coin in the bearish market.

Awesome Oscillator: The green bars were slowly trying to gain momentum hinting that the coin was slowly entering the bullish sentiment.

Relative Strength Index: The RSI line was was under the 50-line indicating that the sellers are getting stronger in pushing the coin to the bearish market.

1 Day Chart

Source: HT / USDT TradingView

The one day chart exhibited a downtrend extending from $5.3295 to $4.0941 and an uptrend extending from $2.8235 to $3.6869. The resistance was at $4.0941 and the support was held at $3.6378.

The Bollinger Bands had just begun to converge decreasing the volatility of the coins.

The MACD line after a trend reversal had just gone under the signal line indicating a bearish trend.

Chaikin Money Flow: The CMF line had crossed over the zero line placing the coin in the bullish market as the buying pressure had increased.


The indicators suggested that the coin was under a bearish influence but few indicators suggest that the coin might experience a positive breakout in the near future.

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