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Huobi Token Price Prediction – Can the HT Price Break $10 in Coming Days?

HT Price Chart

The Huobi token price prediction is still bullish, but the coin is now facing a major resistance at $7.85, which may cause a bearish correction. Huobi token (HT) has extended its winning streak and reached an intra-day high above $7.78 after Tron network developer Justin Sun revealed his new role as an advisor to the Huobi exchange.


On January 1st, the token was worth $9.37. However, the reason for its recent uptick could be linked to recent reports claiming that Justin Sun, the creator of the Tron network, has announced his new role as an advisor to the Huobi exchange.

The price of HT, the native token of the Huobi cryptocurrency exchange, increased over 79% in the last week, almost recovering all losses since the start of the year. Moreover, the coin price has risen by 63% in the last 30 days.

Justin Sun Owns Tens of Millions of Huobi Token

Sun has declared that he owns “tens of millions” of its tokens. Given that Justin Sun appears to be one of the largest holders of Huobi’s native token, the price of Huobi Token (HT) has risen significantly in the last week. Furthermore, the recovering cryptocurrency market was viewed as a key factor in keeping Huobi Token (HT) prices high.

Huobi Token Price & Tokenomics

HT is currently trading at $7.4 with a 24-hour trading volume of $42 million. Huobi Token has decreased by 4.77% in the last 24 hours and increased by over 13% in the last seven days.


HT Price & Tokenomics – Source: coinmarketcap

CoinMarketCap currently ranks #46 with a live market cap of $1.1 billion. There are 153,357,694 HT coins in circulation, with a maximum supply of 500,000,000 HT coins.

Recovering Crypto Market

The global cryptocurrency market began the day on a positive note and is still flashing green as of early Wednesday morning, standing at $936.88 billion. This was confirmed when Bitcoin (BTC), the world’s largest cryptocurrency, managed to stay above $19,000. In fact, all other cryptocurrencies had a positive start to the day.

This week, several well-known cryptocurrencies saw marginal gains, including Ethereum (ETH), Dogecoin (DOGE), Solana (SOL), and Ripple (XRP). Hence, market optimism drove Huobi Token (HT), a lesser-known cryptocurrency, to a nearly 13% increase this week.

Bearish US Dollar

Huobi Token (HT) prices rose even further, helped by a weaker US dollar. The broad-based US dollar lost momentum and fell dramatically on Tuesday as investor confidence rose in the aftermath of the UK’s spectacular U-turn on the tax-cutting mini-budget that had roiled international markets. The UK reversed its policy measures after IMF criticized the UK tax cuts and fiscal policy.

The US dollar index, which compares the greenback to six major currencies, including sterling, fell to levels not seen in nearly two weeks.

Huobi Token Price Prediction

Huobi price is facing a major resistance near the $7.85 level, which has previously served as triple bottom support, as shown in the chart above. The HT/USDT has formed doji and spinning top candles below $7.75, which are likely to weaken the upward trend and may signal a bearish retracement.

HT Price Chart

Huobi Price Chart – Source: Tradingview

On the downside, HT could complete a 38.2% Fibonacci retracement at $6.65, while a further breakout could send it lower to $5.55, a 61.8% Fibo level. Investors may consider selling if the price falls below $7.85, and vice versa.

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