Huobi Token (HT) has been a global cryptocurrency since 2013. The company provides various financial services including listing cryptocurrencies. It also passes on different rewards to the VIP status users such as crypto giveaways during the season buybacks, voting decisions, etc. The HT technical analysis is as follows:
In the past seven days, HT has traded between $22.89 to $30.60, giving the trend a bullish sentiment. In the last 24 hours, HT has increased from $25.01 to $30.60 and the volume percentage increased by 126.97% in the last 24 hours.
Day Ahead And Tomorrow
At the time of writing, HT was trading at $29.46 up about 17.31% in the last 24 hours thus giving a total charge of $4.34. It indicates a short-term bullish sentiment.
The MACD and the signal lines are showing a bullish trend. The signal line has shown a crossover from below the MACD line thus making a bullish signal. Being a lagging indicator it follows the trend and thus indicates to us the future behavior of the trend.
The main leading indicator RSI, also commonly called the trend reversal indicator, is currently crossing the 70% line. RSI shows it has a strong potential run towards the oversold zone, so we can see a little breakout on the upside before a small pullback. RSI has a little more room to play.
HT Technical Analysis
To increase the confidence from the indicators used, the OBV trend shows us the trend of the volume. The increasing trend of volume gives a sense of conviction to the investor and can trade according to the increasing volume.
The important level to look for in the upwards trends is the main resistance level of $30.8482. If it breaks the resistance and closes the day above, it can see a good upside breakout. If it shows a bearish trend and falls below $27.81, then the next support to look out for is $25.94, which will confirm the bearish trend.