- Bullish HT price prediction is $5.65 to $10.09.
- The HT price will also reach $15 soon.
- HT bearish market price prediction for 2022 is $4.16.
In Huobi Token’s (HT) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and much other information about HT to analyze the future movement of the cryptocurrency.
Huobi Token Current Market Status
According to CoinGecko, the price of HT is $4.44 with a 24-hour trading volume of $12,055,515 at the time of writing. However, HT has increased nearly 1.92% in the last 24 hours.
Moreover, HT has a circulating supply of 153,920,626 HT. Currently, HT trades in cryptocurrency exchanges such as CoinTiger, FTX, Huobi Global, KuCoin, and Gate.io.
What is Huobi Token (HT)?
Huobi Token (HT) is the native cryptocurrency of the Huobi Global exchange. It was founded in 2018, which facilitates on-platform governance, rewards, and special event access. It became popular among the early investors which let users invest in trading and Initial Coin Offerings (ICOs).
Huobi Token (HT) Price Prediction 2022
Huobi Token holds the 76th position on CoinGecko right now. HT price prediction 2022 is explained below with a daily time frame.
The above chart of Huobi Token (HT) laid out the Horizontal channel pattern. Horizontal channel also known as the sideways trend. In order to indicate how the price is constrained between the upper line of resistance and lower line of support, horizontal channels are trend lines that join changeable price highs and lows.
Currently, HT is in the range of $4.44. If the pattern continues, the price of HT might reach the resistance level of $5.6. If the trend reverses, then the price of HT may fall to $4.30.
Huobi Token (HT) Support and Resistance Level
The below chart shows the support and resistance level of HT.
From the above daily time frame, it is clear the following are the resistance and support levels of HT.
- Resistance Level 1 – $5.65
- Resistance Level 2 – $7.53
- Resistance Level 3 – $10.09
- Support Level 1 – $4.33
The charts show that HT has performed a bullish trend over the past month. If this trend continues, HT might run along with the bulls overtaking its resistance level at $10.09.
Accordingly, if the investors turn against the crypto, the price of the HT might plummet to almost $4.30, a bearish signal.
Huobi Token Price Prediction 2022 — RVOL, MA, and RSI
The Relative Volume (RVOL) of HT is shown in the below chart. It is an indicator of how the current trading volume has changed over a period of time from the previous volume for traders. Currently, the RVOL of HT lies below the cutoff line, indicating weaker participants in the current trend.
More so, the HT’s Moving Average (MA) is shown in the chart above. Currently, HT is in a bullish state. Notably, the HT price lies below 50 MA (short-term), so it is completely in a downward trend. Therefore, there is a possibility of a reversal trend of HT at any time.
Meanwhile, the relative strength index (RSI) of the HT is at level 41.84. This means that HT is in a nearly oversold state. However, this means a major price reversal of HT may occur in the upcoming days.
Huobi Token Price Prediction 2022 — ADX, RVI
Let us now look at Huobi Token’s Average Directional Index (ADX). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.
The above chart represents the ADX of Huobi Token. Currently, HT lies in the range of 16.14, so it indicates a weak trend.
From the above chart, the Relative Volatility Index (RVI) of HT. RVI measures the constant deviation of price changes over a period of time rather than price changes. The RVI of HT lies above the 50 levels, indicating high volatility. In fact, HT’s RSI is at 41.84 level thus confirming a potential sell signal.
Comparison of HT with BTC, ETH
The below chart shows the price comparison between Bitcoin, Ethereum, and Huobi Token.
From the above chart, we can interpret ETH, BTC, and HT are moving in a similar trend. This indicates that when the price of BTC increases or decreases, the price of ETH and HT also increase or decrease respectively.
Huobi Token (HT) Price Prediction 2023
If the declining price action completely slows down in momentum and the trend reverses, Huobi Token (HT) might probably attain $19 by 2023.
Huobi Token (HT) Price Prediction 2024
With several upgrades in the network, Huobi Token (HT) might enter a bullish trajectory. If the coin grabs the attention of major investors, HT might rally to hit $26 by 2024.
Huobi Token (HT) Price Prediction 2025
If Huobi Token (HT) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 3 years, HT would rally to hit $32.
Huobi Token (HT) Price Prediction 2026
If Huobi Token (HT) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 4 years, HT would rally to hit $40.
Huobi Token (HT) Price Prediction 2027
If Huobi Token (HT) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 5 years, HT would rally to hit $47.
Huobi Token (HT) Price Prediction 2028
If Huobi Token (HT) holds up a strong stance as a better investment option for the next 6 years, it might witness significant price rallies. Thus, by 2028, HT would hit $53.
Huobi Token (HT) Price Prediction 2029
If investors flock in and continue to place their bets on Huobi Token (HT) , it would witness major spikes. HT might hit $60 by 2029.
Huobi Token (HT) Price Prediction 2030
With greater advancements in the Huobi Token ecosystem, the crypto community might continue to invest in Huobi Token (HT) for the next 8 years and drive significant price rallies for the token. Hence, Huobi Token (HT) might hit $75 by 2030.
Conclusion
With continuous improvements in the Huobi Token network, we can say that 2022 is a good year for HT. For this reason, the bullish price prediction of Huobi Token in 2022 is $10.09. On the other hand, the bearish HT price prediction for 2022 is $4.30.
Furthermore, with the advancements and upgrades on the HT ecosystem, the performance of HT would help to reach above its current all-time high (ATH) $39.66 very soon. But, it might also reach $15 if the investors believe that HT is a good investment in 2022.
FAQ
Huobi Token is an ecosystem token launched by Huobi Global, which offers benefits such as trading fees and margin discounts and access to certain trading events.
HT has listed on many crypto exchanges which include CoinTiger, FTX, Huobi Global, KuCoin, and Gate.io.
With the ongoing developments and upgrades within the HT platform, it has a high possibility of reaching its ATH soon.
On May 12, 2021, HT reached its new all-time high (ATH) of $39.66.
Huobi Token (HT) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of HT in the past few months, HT is considered a good investment in 2022.
Huobi Token (HT) is one of the active cryptos that continues to maintain its Bullish state. Eventually, if this bullish trend continues then Huobi Token (HT) will hit $15 soon.
Huobi Token (HT) price is expected to reach $19 by 2023.
Huobi Token (HT) price is expected to reach $26 by 2024.
Huobi Token (HT) price is expected to reach $32 by 2025.
Huobi Token (HT) price is expected to reach $40 by 2026.
Disclaimer: The opinion expressed in this chart solely author’s. It does not interpreted as investment advice. TheNewsCrypto team encourages all to do their own research before investing.
Source: https://thenewscrypto.com/huobi-token-price-prediction