Huobi Token

April 27 - May 3 price action review: Huobi Token goes down by 8%.

The bearish behavior of Huobi Token last week was characterized by the occurrence of downswings. The situation on the HT market shows that the underlying asset is currently experiencing a period of low volatility. The price action on the coin's market translated to the decline of market capitalization. The crypto coin's market experienced a falling trading volume during the observed time period, which fell in line with the price action.

The analysis of events on the Huobi Token market shows that the cryptocurrency under review is experiencing a period of low volatility. Our data shows that the average volatility of HT didn't exceed 0%, which is why its price remained constrained. The peak of the coin's volatility for the given time period was reached on May 1 when this parameter went as low as 3.54%. The asset experienced the period of lowest volatility on May 2 when it fell to 0%. The unimpressive volatility of 0% showcases the overall weakness of the crypto coin.

The opening price of Huobi Token was at $3.56 on April 27, with sellers having a more visible presence on the market. The first day of price action was marked by the 1% move to the downside from the point where the trading session opened. On April 28 the coin market stayed neutral, with no changes in the price. The cautious traders dominated the price action on April 29, with the Huobi Token market remaining flat. The next trading session was characterized by more price action (as HT made a 1% move) on the back of the consistent trading volume. The price range of Huobi Token on May 1 formed between $3.5 and $3.44, whereas the daily price extremities were $3.44 and $3.52. While the 24H high and low on May 2 were at $3.41 and $3.28, respectively, the crypto coin had been traded in the area between the open at $3.41 and the close at $3.34. Between the 24H high at $3.34 and the 24H low at $3.23, the coin was traded in the $3.34 - $3.24 price corridor. Over the course of all trading sessions, the asset established the weekly low at $3.23 while buyers managed to push the price up to the weekly high at $3.6. Huobi Token shaped the $0.3 price range over the week of price action, which constituted the 8% gap between the weekly low and the weekly high.

Huobi Token ’s average trading volume on the opening day of the observed time period, April 27, stood at $8 825 081, while on the closing day of the same period, it moved to $6 869 067. To understand a bigger picture, we need to match the numbers from last week with the week before that, when the HT market had its volume ranging between $5 864 110 and $9 755 292. Percentage-wise, the trading volume of the asset changed by 5%, in comparison to the previous period, while its price experienced a 8% adjustment.

The change in the total market capitalization of Huobi Token from April 27 to May 3 was as follows: on April 27, the capitalization was at $580 943 735, while on May 3, it reached the level of $540 733 327. HT experienced a 7% change in total market capitalization throughout the past seven days. As a consequence of the 7% fluctuation in its market capitalization, the price of the coin changed by 8%. Huobi Token ’s market capitalization from the week before changed by 3%, as the result of fluctuation between $598 336 454 and $580 943 735, to give a clearer vision of the current state of the market.

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Article date: May 3 | April 27 - May 3

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