Huobi Token price prediction: HT testing the 2021 uptrend, but can it hold?
- 3 years ago
The Huobi Token price has reached a critical area of support. And It could be a long way down if HT fails this important test.
Huobi Token is currently trading at $12.056, down $0.106 (-0.88%) on the day and -6.5% lower in the last 7 days.
It’s been a sluggish week of performance for Huobi. In fact, HT has equaled its longest losing streak so far in 202, trading lower for 5 consecutive sessions. A close in the red today will set a new record of 6.
The Huobi Token price started the month well and, by the 3rd of June, was trading at $17.66 and showing signs that it would soon reclaim the $20.00 mark.
However, it has since lost 30%, dragged lower by Bitcoin’s failure to hold $40,000. Furthermore, Huobi Token is now 70% below its 13th of May high at $39.98.
This latest bout of weakness has arrived at what could be considered a critical juncture. Subsequently, the price is testing the support of a major trend line, which it must desperately hold to avoid further losses.
#huobi #huobicrypto #huobicoin
Huobi Token is currently trading at $12.056, down $0.106 (-0.88%) on the day and -6.5% lower in the last 7 days.
It’s been a sluggish week of performance for Huobi. In fact, HT has equaled its longest losing streak so far in 202, trading lower for 5 consecutive sessions. A close in the red today will set a new record of 6.
The Huobi Token price started the month well and, by the 3rd of June, was trading at $17.66 and showing signs that it would soon reclaim the $20.00 mark.
However, it has since lost 30%, dragged lower by Bitcoin’s failure to hold $40,000. Furthermore, Huobi Token is now 70% below its 13th of May high at $39.98.
This latest bout of weakness has arrived at what could be considered a critical juncture. Subsequently, the price is testing the support of a major trend line, which it must desperately hold to avoid further losses.
#huobi #huobicrypto #huobicoin