Last week’s (May 12 - May 18) irresolute Huobi Token : the price moved up no more than 5%.
The behavior of Huobi Token last week was characterized by the occurrence of upswings. The volatility of HT has been low throughout the reviewed period in correspondence with the price action. The asset saw its market capitalization growing over the reviewed period together with its price. The price action of the crypto coin last week took place on the back of increased trading volume.
Huobi Token is experiencing low volatility, as confirmed by our comprehensive analysis. With the average volatility being as low as 0.34%, HT was incapable of making any sizable price swings. The peak of the coin's volatility for the given time period was reached on May 16 when this parameter went as low as 4.21%. The price action on the asset's market was the weakest on May 17 when the volatility was at 0.34%, the minimum for the given period of time. The low volatility of 0.34% means that the crypto coin is weak and incapable of any sizable price swings.
The trading session on May 12 started with Huobi Token opening at $2.83 on the backdrop of neutral sentiment throughout the market. The first day of price action was marked by the 4% move to the downside from the point where the trading session opened. On May 13, the price of the coin has shifted by 2% from the daily open on the back of a good trading volume. During the next trading day, the rate of change in the price of Huobi Token stood at 4% having reached the low at $2.78 and the high at $3.01 as the advantage remained on the side of buyers. The trading volume on May 15 rendered support to the 1% bearish move of HT. The developments on the Huobi Token market on May 16 started with the price opening at $2.88 and subsequently moving to $2.9, the close of the day, while dropping to the 24H low at $2.7 and spiking to the 24H high at $2.7. No changes were observed on the crypto coin's market on May 17. As for the occurrences on May 18, the price of the coin bottomed at $2.87 and peaked at $2.95, while its daily range formed between $2.89 and $2.87. The price action on the asset's market during the period between May 12 and May 18 topped at $3.01, while the bottom of the price range was established at $2.7. The price action on the weekly time frame made Huobi Token within the 5% range from its weekly low to the weekly high, while the oscillation amplitude between these price points amounted to $0.14.
As for the average trading volume in the time slot between May 12 and May 18, the Huobi Token market registered the change from $13 412 783 to $19 382 019. In order to have a better grasp of the HT market, it’s necessary to compare the stats from the analyzed period with those from the week before, when the trading volume had gone from $5 196 929 to $13 628 299. The asset demonstrated an 106% change in trading volume, when compared against its performance in the past 7 days, while its price fluctuated by 5%.
Bitcoin began the observed period May 12 - May 18, with the market capitalization of $466 861 797 and finalized it at the market capitalization level of $473 504 263. The rate of percentage change for the last week for HT was 1%. The said 1% percentage change in market capitalization of the coin was accompanied by the 5% fluctuation in the price of the underlying asset. Huobi Token ’s market capitalization from the week before changed by 8%, as the result of fluctuation between $526 686 663 and $466 861 797, to give a clearer vision of the current state of the market.