<strong><em>HT price action displays a falling wedge pattern as the trend continues below the crucial SMAs. Will buyers exceed the resistance trendline?</em></strong>

<strong>Key technical points: </strong>
<ul>
 	<li>HT prices have increased by 1.14% in the last 24 hours.</li>
 	<li>The price action shows a bullish reversal attempt within the falling wedge pattern.</li>
 	<li>The 24-hour trading volume of Huobi is $28 Million, indicating a rise of 7%.</li>
</ul>
<h2>Past Performance of HT</h2>
The <a href="https://www.cryptoknowmics.com/news/founder-of-huobi-is-planning-to-sell-shares-amid-firm-shrinkage/">HT</a> price trends lower in a long-term downtrend resulting in a bearish wedge pattern in the daily chart. The bearish pattern accounts for a downfall of 43% in the last month, dropping from $7.4 to $4. However, the price action shows a lateral trend between the $4 and $4.7 resistance level and teases a potential double bottom formation.

<img src="https://s3.tradingview.com/snapshots/p/PDECysng.png" alt="TradingView Chart" />

<strong>Source- </strong><a href="https://www.tradingview.com/x/PDECysng/" target="_blank" rel="noopener">Tradingview</a>
<h2><span style="font-weight: normal">HT Technical Analysis </span></h2>
The HT Price action challenges the resistance trendline of the falling wedge pattern as the buyers avoid further downtrend continuation. Hence traders can expect the bullish breakout rally to surpass $4.77 to test the overhead residence at $5.50.

The MACD indicator shows The fast and slow lines avoiding another bearish continuation with a bullish crossover and regaining the positive trend below the zero line. Moreover, the rising trend of the positive histograms supports the idea of a bullish breakout of the falling wedge pattern.

The RSI indicator shows a gradual growth in the underlying bullishness as the slope sustains above the oversold boundary and 14 days average line. Moreover, the bullish divergence in the double bottom pattern is pretty evident, which increases the likelihood of an uptrend continuation.

In a nutshell, HT technical analysis forecasts a positive trend continuation after a long-term correction phase.
<h2><span style="font-weight: normal">Upcoming Trend</span></h2>
If the buyers successfully propel the HT market price above the resistance trendline, a jump to $5.50 seems inevitable.

Conversely, a bearish break out of the bearish wedge will drastically drop the market value below $4.2 to test the support level at $3.65

<strong>Resistance Levels:</strong> $4.77and $5.50

<strong>Support Levels:</strong> $4.20 and $3.65

HT Technical Analysis: Investors Ready To Sabotage Bearish Wedge 

HT Technical Analysis displays a falling wedge pattern as the trend continues below the crucial SMAs. Will buyers exceed the resistance trendline?

Vikram is a technical analyst with several years of experience in the crypto market &amp; Indian Equity and F&amp;O Segment. He loves to learn anything and everything related to finance. He possesses strong technical and analytical skills, which he leverages to acquaint our audience with upcoming price trends for different coins.

HT Technical Analysis: Investors Ready To Sabotage Bearish Wedge

Top Picks