BTC$61 250.62


ETH$4 042.30


Binance Coin








Huobi Token Aims Higher Amid the Positive News from Japan

Exchange coins are gradually becoming a separate class of cryptographic assets that not only provides perks to its holders in the form of trading fees deductions, staking and voting rights, and opportunity to participate in merchant programs, but also lets traders make plenty of money thanks to generally positive price action. Perhaps we will soon see a new trend in portfolio management where a part of a portfolio consists strictly of exchange coins, one of which would surely be Huobi Token (HT).

While the performance of the majority of other cryptocurrencies has been largely unstable, Huobi Token is mostly in the green on all time frames, doing especially well against USD.

Moreover, during the past three months, Huobi Token has been doing significantly better than its main rivals, Binance Coin and KuCoin Shares. If HT continues in the same fashion, the Huobi Global platform might have a substantial influx of new traders in 2020.

HT/BNB/KCS comparison chart

The news might help Huobi Token break the resistance

During the last few days, Huobi Global has been showering its users with positive news. Firstly, Huobi DM, a platform for derivatives trading, announced the introduction of perpetual swaps for Bitcoin, an instrument that should mitigate the market volatility. The introduction of such swaps goes to show that the project makes efforts towards improving the ecosystem in order to keep abreast of Binance that has been developing in leaps and bounds.

But the most significant piece of news arrived from Japan. On April 23, Huobi Global announced via its official Twitter that the Financial Service Agency (FSA), the highest financial regulatory body, approved HT trading in the local market, which estimated to be the second-largest in the world, thus making it the first exchange token to be approved by the government officials amid the worldwide regulatory tightening with regard to cryptocurrencies. Perhaps that would give Huobi Token enough firepower to be able to blast through a stubborn resistance at $4 and finalize the recovery after a prolonged decline, which we predicted when the market had begun giving signs of the emergence of the double top pattern.

1-day HT/USDT chart

HT began the recovery with a confident minor uptrend, although it took only two swings for the price to bump into the mentioned resistance, which also converges with the 0.681 retracement level on Fibonacci. Such convergence usually means that the resistance will be hard to breach, and Huobi Token has so far been failing to do so, even though the bullish volume has been visibly exceeding the selling one.

However, this could be a temporary obstacle on HT’s path towards the next area of frequent price interaction that lies between $4.5 and $4.7, which constitutes the ultimate price target for the Q2 of 2020. A nod from the Japanese regulators and the overall positive outlook given by the chart and indicators (MACD has entered the bullish zone and aims for the area between 20 and 25) translate to a strong buy signal, so traders should consider taking a long stance on HT once the price settles above  $4.

Author: Alex Paulson for


Huobi Token (HT) Is Nearing the All-Time High
Huobi Token (HT) Is Nearing the All-Time High
Huobi Token (HT): Full Recovery or a Double Top?
Huobi Token (HT): Full Recovery or a Double Top?
Huobi Token (HT) Price Prediction
Huobi Token (HT) Price Prediction
Huobi Token Price Forecast
Huobi Token Price Forecast

Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 66% 76 $61 250.62 -2.84% -0.77% $1 154 674 094 562 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 70.8% 57 $4 042.30 -2.55% 5.39% $477 150 448 535 ETH 7 days price change
3 Binance Coin (BNB) BNB Binance Coin predictions 69.2% 60 $482.49 0.74% 2.70% $80 480 315 639 BNB 7 days price change
4 Cardano (ADA) ADA Cardano predictions 91.2% 12 $2.16 -0.54% -2.20% $71 185 024 084 ADA 7 days price change
5 Tether (USDT) USDT Tether predictions 92.4% 1 $1.000245 0.03% 0.09% $69 591 162 791 USDT 7 days price change
6 Solana (SOL) SOL Solana predictions 70.8% 55 $204.24 0.80% 29.17% $61 440 079 262 SOL 7 days price change
7 XRP (XRP) XRP XRP predictions 72.8% 51 $1.096102 -0.97% -3.88% $51 457 996 304 XRP 7 days price change
8 Polkadot (DOT) DOT Polkadot predictions 60% 79 $44.55 -0.99% 2.11% $43 999 075 422 DOT 7 days price change
9 Dogecoin (DOGE) DOGE Dogecoin predictions 69.2% 56 $0.246907 0.64% 4.09% $32 542 542 435 DOGE 7 days price change
10 USD Coin (USDC) USDC USD Coin predictions 92.4% 1 $1.000313 0.06% 0.09% $32 442 834 043 USDC 7 days price change
11 Terra (LUNA) LUNA Terra predictions 69.6% 65 $43.44 5.78% 17.86% $17 443 010 900 LUNA 7 days price change
12 UniSwap (UNI) UNI UniSwap predictions 74% 47 $25.79 -2.88% -0.74% $15 775 566 720 UNI 7 days price change
13 Avalanche (AVAX) AVAX Avalanche predictions 67.6% 65 $66.57 4.10% 17.36% $14 663 644 845 AVAX 7 days price change
14 Wrapped Bitcoin (WBTC) WBTC Wrapped Bitcoin predictions 61.6% 75 $61 265.73 -2.87% -0.84% $13 545 425 709 WBTC 7 days price change
15 Chainlink (LINK) LINK Chainlink predictions 72.8% 50 $29.07 -0.32% 7.40% $13 401 075 815 LINK 7 days price change

Be the first to receive Cryptocurrency Price Predictions and Forecasts daily

Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.

© 2015-2021

The usage of this website constitutes acceptance of the following legal information. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website, including information about the cryptocurrencies and bitcoin is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Crypto Rating shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about cryptocurrencies. The entire responsibility for the contents rests with the authors. Reprint of the materials is available only with the permission of the editorial staff.