Huboi Token Reclaims Bullish Territory: Can It Sustain Longer?

Huboi token crypto is gathering buying volumes to inch higher on the second consecutive day. Yesterday, the HT crypto registered massive 15% growth in Intraday which trimmed the losses in the earlier sessions of this week.

At the time of writing, the Huboi token crypto was at $3.18 with an intraday rise of 5.45%. It has a live market capitalization of $443.504 Million and ranks 115th in the overall crypto market.  It has a 24-hour volume of 6.324 Million with a 1.36% rise as compared to the previous session.

The weekly performance shows that HT crypto performance in this was significant with a total growth of more than 32% excluding today’s gains. If the crypto resumes with yesterday’s momentum, the weekly growth could easily surpass above 40%. 

Moreover, the Huboi token reversed from a low of $1.5 level and witnessed a massive buying which broke above the recent swing high thus reversing its course from bearish to bullish. The crypto is currently at $3 after gaining over 100% in the past two weeks.    

Huboi Token Crypto Price Action Analysis

Moreover, the broader term outlook has turned positive after the HT token surpassed the 200-Day EMA. Earlier, the crypto had been in an extended downtrend.

The 50-Day and 200-Day EMA acted as a resistance and the crypto dropped, suffering multiple rejections. However, the recent price surge has taken the crypto near a three-month high value.

Currently, on the upper side the $3 level may act as a major supply zone, the breakout of which may unlock higher levels of $4 and $5 on the upper side. However, if the bears make and defend the $3 level the crypto may drop to lower levels of $2 and $1.5. 

The technical indicators imply a bullish outlook on the charts. The crypto has surpassed the 20-Day, 50-Day and 200-Day EMAs suggesting a strong outlook in the short term. At press time, RSI was at 62.23 points and SMA line was at 52.25 points suggesting a bullish outlook.

Huboi token Price Prediction February 2024

The most optimistic view of analysts estimates that the HT crypto may attain a high of $4.011 by the end of February 2024. However, the pessimistic aspect of analysts suggests that the price could drop near the 200-Day EMA.

Huboi Token Crypto Price Prediction 2024

The price forecast for the year 2024 is that the HT token price could reach a high of $5.16, suggesting a potential gain of over 74.61% if the most positive conditions prevail. Moreover, the bearish outlook of the analysts pegs the price at $4.04 by the year-end.

Huboi Token Price Prediction 2025

By the year 2025, the Huboi token price may attain $6.73 as the highest price on the positive side. On the flip side, the minimum price up to which the crypto price may fall to by the year 2025 is $4.90.

Disclaimer

The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.

Amanda Shinoy is one of the few women in the space invested knee-deep in crypto. An advocate for increasing the presence of women in crypto, she is known for her accurate technical analysis and price prediction of cryptocurrencies. Readers are often waiting for her opinion about the next rally. She is a finance expert with an MBA in finance. Quitting a corporate job at a leading financial institution, she now engages herself full-time into financial education for the general public.