Huobi Token (HT) price started a major increase above $5.00 against the US Dollar. It is now facing a major resistance at $6.85, above which it could rally to $10.00.<\/p>\n
Huobi Token price gained over 50% in a few days and broke the $5.00 resistance.
\nThe price is now trading above $5.00 and the 100-day hourly simple moving average.
\nThere was a break above a major bearish trend line with resistance near $4.50 on the daily chart of HT\/USD (data feed via FTX).
\nThe pair could rally further to $10.00 if it clears the $6.85 resistance zone.<\/p>\n
Huobi Token (HT) Price Rallies over 50%<\/p>\n
Huobi Token formed a strong base above the $4.00 zone. HT price started a fresh rally above the $4.20 and $4.50 resistance levels. The bulls were able to push the price above the $5.00 resistance and the 100-day hourly simple moving average.<\/p>\n
During the rally, there was a break above a major bearish trend line with resistance near $4.50 on the daily chart of HT\/USD. The price gained pace and was able to clear the 38.2% Fib retracement level of the main drop from the $9.93 swing high to $3.78 low.<\/p>\n
It is up over 25% in a day (unlike bitcoin<\/a> and ethereum<\/a>) and surpassed the $6.00 resistance level. It is now facing a strong resistance near the $6.85 level. The stated resistance is near the 50% Fib retracement level of the main drop from the $9.93 swing high to $3.78 low.<\/p>\n <\/a><\/p>\n Source: HTUSD on TradingView.com<\/a><\/p>\n The next major resistance sits near the $7.50 level. A close above the $6.85 and $7.50 levels could pump the price further higher. In the stated case, HT price could revisit the $9.95 level or even test the $10.00 resistance.<\/p>\n Dips Supported in HT?<\/p>\n If HT price fails to surpass the $6.85 and $7.50 resistance levels, it could start a downside correction. An initial support on the downside is near the $6.00 level.<\/p>\n The next major support is near the $5.50 level. A downside break below the $5.50 might start a major downside correction. In the stated case, Huobi Token price may perhaps decline towards the $5.00 level.<\/p>\n Technical Indicators<\/p>\n Daily MACD \u2013 The MACD for HT\/USD is now gaining momentum in the bullish zone.<\/p>\n Daily RSI \u2013 The RSI for HT\/USD is now in the overbought zone.<\/p>\n Major Support Level \u2013 $6.00<\/p>\n Major Resistance Level \u2013 $6.85<\/p>","protected":false},"excerpt":{"rendered":" <\/p>\n Huobi Token (HT) price started a major increase above $5.00 against the US Dollar. It is now facing a major resistance at $6.85, above which it could rally to $10.00.<\/p>\n Huobi Token price gained over 50% in a few days and broke the $5.00 resistance. Huobi Token (HT) Price Rallies over 50%<\/p>\n Huobi Token formed a strong base above the $4.00 zone. HT price started a fresh rally above the $4.20 and $4.50 resistance levels. The bulls were able to push the price above the $5.00 resistance and the 100-day hourly simple moving average.<\/p>\n During the rally, there was a break above a major bearish trend line with resistance near $4.50 on the daily chart of HT\/USD. The price gained pace and was able to clear the 38.2% Fib retracement level of the main drop from the $9.93 swing high to $3.78 low.<\/p>\n It is up over 25% in a day (unlike bitcoin<\/a> and ethereum<\/a>) and surpassed the $6.00 resistance level. It is now facing a strong resistance near the $6.85 level. The stated resistance is near the 50% Fib retracement level of the main drop from the $9.93 swing high to $3.78 low.<\/p>\n
\nThe price is now trading above $5.00 and the 100-day hourly simple moving average.
\nThere was a break above a major bearish trend line with resistance near $4.50 on the daily chart of HT\/USD (data feed via FTX).
\nThe pair could rally further to $10.00 if it clears the $6.85 resistance zone.<\/p>\n
![<\/a><\/p>\nSource: HTUSD on TradingView.com<\/a><\/p>\nThe next major resistance sits near the $7.50 level. A close above the $6.85 and $7.50 levels could pump the price further higher. In the stated case, HT price could revisit the $9.95 level or even test the $10.00 resistance.<\/p>\nDips Supported in HT?<\/p>\nIf HT price fails to surpass the $6.85 and $7.50 resistance levels, it could start a downside correction. An initial support on the downside is near the $6.00 level.<\/p>\nThe next major support is near the $5.50 level. A downside break below the $5.50 might start a major downside correction. In the stated case, Huobi Token price may perhaps decline towards the $5.00 level.<\/p>\nTechnical Indicators<\/p>\nDaily MACD \u2013 The MACD for HT\/USD is now gaining momentum in the bullish zone.<\/p>\nDaily RSI \u2013 The RSI for HT\/USD is now in the overbought zone.<\/p>\nMajor Support Level \u2013 $6.00<\/p>\nMajor Resistance Level \u2013 $6.85<\/p>","protected":false},"excerpt":{"rendered":"<\/p>\nHuobi Token (HT) price started a major increase above $5.00 against the US Dollar. It is now facing a major resistance at $6.85, above which it could rally to $10.00.<\/p>\nHuobi Token price gained over 50% in a few days and broke the $5.00 resistance.\nThe price is now trading above $5.00 and the 100-day hourly simple moving average.\nThere was a break above a major bearish trend line with resistance near $4.50 on the daily chart of HT\/USD (data feed via FTX).\nThe pair could rally further to $10.00 if it clears the $6.85 resistance zone.<\/p>\nHuobi Token (HT) Price Rallies over 50%<\/p>\nHuobi Token formed a strong base above the $4.00 zone. HT price started a fresh rally above the $4.20 and $4.50 resistance levels. The bulls were able to push the price above the $5.00 resistance and the 100-day hourly simple moving average.<\/p>\nDuring the rally, there was a break above a major bearish trend line with resistance near $4.50 on the daily chart of HT\/USD. The price gained pace and was able to clear the 38.2% Fib retracement level of the main drop from the $9.93 swing high to $3.78 low.<\/p>\nIt is up over 25% in a day (unlike bitcoin<\/a> and ethereum<\/a>) and surpassed the $6.00 resistance level. It is now facing a strong resistance near the $6.85 level. The stated resistance is near the 50% Fib retracement level of the main drop from the $9.93 swing high to $3.78 low.<\/p>\n<\/a><\/p>\nSource: HTUSD on TradingView.com<\/a><\/p>\nThe next major resistance sits near the $7.50 level. A close above the $6.85 and $7.50 levels could pump the price further higher. In the stated case, HT price could revisit the $9.95 level or even test the $10.00 resistance.<\/p>\nDips Supported in HT?<\/p>\nIf HT price fails to surpass the $6.85 and $7.50 resistance levels, it could start a downside correction. An initial support on the downside is near the $6.00 level.<\/p>\nThe next major support is near the $5.50 level. A downside break below the $5.50 might start a major downside correction. In the stated case, Huobi Token price may perhaps decline towards the $5.00 level.<\/p>\nTechnical Indicators<\/p>\nDaily MACD \u2013 The MACD for HT\/USD is now gaining momentum in the bullish zone.<\/p>\nDaily RSI \u2013 The RSI for HT\/USD is now in the overbought zone.<\/p>\nMajor Support Level \u2013 $6.00<\/p>\nMajor Resistance Level \u2013 $6.85<\/p>\n<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[82],"tags":[],"class_list":["post-9590","post","type-post","status-publish","format-standard","hentry","category-blockchain"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/9590","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/comments?post=9590"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/9590\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=9590"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=9590"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=9590"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/10\/Huobi-Token-HT.png\"){kind=link}