Should You Buy Huobi Pool Token (HPT) Thursday?

Thursday, July 07, 2022 11:56 AM | InvestorsObserver Analysts

Huobi Pool Token receives an average short-term technical ranking of 61 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 61% 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 61 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 $0.000035 (1.96%) higher than its 30-day low price of $0.001770121 while also -$0.000198 (-9.90%) lower than its high of $0.00200295 from the past month of trading. Meanwhile, HPT's current price of $0.001804746 is under its average price of $0.001806002 set over the past month of trading, leading to an average short-term technical score. In summation, the recent trading history of Huobi Pool Token suggest that traders are currently neutral on the token. HPT has a relatively average market cap for a token with a total market value of $8,454,284.08. 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. Huobi Pool Token's average volume meanwhile is average with $421,106.99 worth of the token traded over a typical 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. As of the past 24 hours, HPT's volume is below its average with $55,635.23 exchanged.

Summary

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