Huobi Pool Token (HPT) What Does the Chart Say Wednesday?

Wednesday, June 22, 2022 08:08 AM | InvestorsObserver Analysts

Huobi Pool Token receives a weak short-term technical ranking of 17 from InvestorsObserver data analysis. The proprietary ranking system focuses on the recent trading patters over the past month to determine the strength of its short-term technicals. HPT has a superior recent technical analysis than 17% of tokens based on these trading metrics. Investors primarily focused on shorter term investment strategies will find this technical analysis most relevant to their goals when determining whether to invest in a particular crypto.

InvestorsObserver is giving Huobi Pool Token a 17 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Huobi Pool Token!

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Trading Analysis

Huobi Pool Token is $0.000033 (1.88%) above its 30-day low of $0.001770121 while -$0.000240 (-11.75%) below its 30-day high of $0.00204358. In addition, HPT's current price of $0.001803422 is under its 30-day moving average price of $0.001900209, leading to a weak short-term technical score. Overall the recent trading history of Huobi Pool Token suggest that investors are bearish on the token at the moment. Huobi Pool Token's market cap of $8,448,079.72 is relatively average for a token. The market valuation for Huobi Pool Token is relatively average due to the largest 100 cryptos having a market cap above $1 billion and HPT sits underneath that mark but remains above $100 million in market capilization. Meanwhile, HPT's average volume is average with $257,523.49 worth of the token traded over an average 24 hour period. The volume for HPT is relatively average as the most traded 100 cryptos have roughly $100 million worth of the crypto exchanged over a 24 hour period and a large portion of the market trades at least $5 million worth each day. Over the last 24 hours, HPT's volume is below its usual with $40,244.84 exchanged.

Summary

Huobi Pool Token's price movement over the past month has led to a a weak short-term technical score due to recent trading giving more bearish signals for traders on the token's short-term movement. Click Here to get the full Report on Huobi Pool Token (HPT).