HT Technical Analysis: FIB Numbers Are Seeing Price Moving Between Pivot Points of $10.57 and $9.91 PlatoBlockchain Data Intelligence. Vertical Search. Ai.

HT Technical Analysis: FIB Numbers Are Seeing Price Moving Between Pivot Points of $10.57 and $9.91

Huobi Token (HT) is the native token of the cryptocurrency exchange Huobi Global. It is a decentralized digital asset based on the Ethereum blockchain and is ERC-20 compliant. HT’s value is in part reliant upon the reputation of the Huobi crypto exchange, yet other factors also have an impact.

Let us look at the technical analysis of HT.

Past Performance

Contrary to the prior years, the last 1 year has proved to be full of sudden ups and downs for the HT coin price chart. In the last one month, the price chart has been on a general uptrend, despite the usual fluctuations in the price.

On November 9, 2021, it opened at $10.64. A weekly later, after a weekly decrease of 2.53%, it closed on November 15, 2021, at $10.37. In the last 24 hours, the highest trading price was $10.80, whereas the lowest trading price was $9.91.

TradingView Chart

HT Technical Analysis

The price chart is having restricted movements between the resistance at $10.9713, and support at $9.61. This is showing stability in the prices, which may continue in the near future until the price breaks the resistance or the support.

The OBV graph is not showing any peaks or valleys in the near past, which again confirms that the price entered a box. On the daily basis, it is showing that the selling volumes are dominating the buying volumes today.

Currently, at 52.55%, the RSI is moving near the equilibrium, which is again a neutral signal. The traders may hold their current positions until there is a clear call.

In the MACD graph, the fast line is moving below the slow, line, and both are approaching each other. This is a neutral signal, although a bullish crossover may be seen in the coming days.

Day-Ahead and Tomorrow

Huobi Global will be listing NGL (Gold Fever) on the brand-new token listing platform, Primelist, at 10:00 (UTC) on Nov 19. Gold Fever is a multiplayer survival strategy game, featuring real-time combat engines, AAA graphics, and a rich map. The game integrates blockchain technology to enable an unparalleled player economy where the in-game currency is a utility and map resources, player items, and privileged rights are NFTs.

With the ongoing developments happening within the HT ecosystem, as well as in the overall crypto market, we may see HT reach new heights. The bullish HT price prediction for 2021 is at least $25, if investors decide that HT is a good investment in 2021.

Looking at the Fib numbers, we can see that the price is moving between two pivot points. These points are $10.57 and $9.91.

Thus, the indicators are giving neutral signals. This means that the traders may hold their current positions and wait for the price to break the box before making a call. Meanwhile, they can keep a stop-loss at $9.29 while keeping a target at $12.

Source: https://www.cryptoknowmics.com/news/ht-technical-analysis-fib-numbers-are-seeing-price-moving-between-pivot-points-of-10-57-and-9-91/

Time Stamp:

More from Cryptoknowmics