- Houbi tweeted about its OTC supporting various currencies.
- The platform offers a welcome bonus to new signups.
- HT token price increased by 17% in the last 7 days.
Houbi Token, native token of the crypto currency exchange Huobi Global, has observed a rise by more than 11% in the intraday session. The price rise is attributed to the various features the platform reiterated via its twitter post. Per the official Tweet made by the platform, Huobi OTC supports about 74 currencies within its peer-to-peer (P2P) trading platform for its global customers.
The OTC facility provided by the Houbi platform is available ranging from US dollars to Canadian dollars and various others. To avail the facility, a user must sign up with the exchange platform, which comes along with a surprise. The platform is providing a welcome bonus of 5676 USDT to all the new joinees. The users can now pick and choose from the ocean of tokens available on the exchange, with new listing and old, the investors are in for a treat.
The Pictorial
The HT token prices soared high by about 17% in the last 7 days and gained 11.30% in the intraday session. The prices formed a wedge pattern, moving closer to the end. The volume saw an uptick (blue circle) and a similar image is being formed in OBV, indicating a positive pressure persisting in the market. The EMA ribbon lies beneath the price action, with 100-EMA being claimed in the rise and a bullish crossover being formed.
The CMF slopes up in the positive zone to reflect a bullish momentum in price movement. The MACD records ascending buyer bars while the lines split in favor of the bull regime. The RSI shoots to find a spot in the overwhelmed zone as the buyer’s pull strengthens.
The Peephole
The smaller time frame study shows prices to encounter sellers at higher price ranges who wish to book profits. The CMF functions in the higher ranges of the zone above the baseline. The MACD widens the divergence as it records tall buyer histograms. The RSI moves in the range of 70-80 to show overwhelmed buyer interest.
Conclusion
The native token for Houbi Global is reaching new highs taking support of small pillars. Only time will tell how strong these supports are, or will they collapse with rallies. The holders must watch out for the resistance near $4.50.
Technical levels
Support levels: $3.10 and $4.50
Resistance levels: $8.25 and $9.05
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only, and they do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Source: https://www.thecoinrepublic.com/2023/02/03/houbi-token-propels-to-reach-new-highs-price-launch-strong-enough/