Last week’s (May 18 - May 24) 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 associated with the HT market was low, as were its price fluctuations. There has been a rise in the market capitalization of the asset during the period under review. The trading volume on the crypto coin's market has been increasing throughout the reviewed period along with its price.
The volatility is low on the Huobi Token market, as the latest data suggests. The data derived from our credible sources shows that the average volatility of HT didn't exceed 0.34%, which is indicative of weak price action. 4.75% was the maximum volatility that the coin managed to showcase on May 22. The weakest volatility level of 0.34% on the asset's market was registered on May 23. The unimpressive volatility of 0.34% showcases the overall weakness of the crypto coin.
The losses of HT after the weekly open on May 18 amounted to 1%. The 1% move in the upward direction took place on the second day after the weekly open. The cautious traders dominated the price action on May 20, with the Huobi Token market remaining flat. On May 21, the value of HT was in the range, with the market remaining flat. The price oscillation of Huobi Token on May 22 was in the $2.93 - $2.95 range; at the same time, the price stretched out to reach the 24H low at $2.92 and the 24H high at $2.96. The crypto coin opened the trading session on May 23 at $2.95 and finalized it at $3.09; the highest point of price action was at $3.13, the lowest was detected at $2.94. The coin found the deepest trough (24H low) at $2.97 on May 24 and then exploded to the ceiling (24H high) at $3.17; the price range for that day was between $3.17 and $3.02. The asset posted the weekly low at $2.87, while the top of the weekly trading session was registered at $3.17. Huobi Token shaped the $0.15 price range over the week of price action, which constituted the 5% gap between the weekly low and the weekly high.
As for the average trading volume in the time slot between May 18 and May 24, the Huobi Token market registered the change from $19 382 019 to $17 769 709. During the week before May 18, the trading volume of HT flowed from $12 018 922 to $18 946 236. The average trading volume of the asset fluctuated by 11% by comparison with the previous period, whereas the price change of 5% took place over the same period of time.
Huobi Token had its total market capitalization change from $473 504 263 on May 18 to $510 854 633 on May 24, the end of the examined time frame. When translated to percentage rate, the market capitalization of HT over the past week adjusted by 8%. While the market capitalization of the coin was altered by 8%, its price has made a 5% change. In the preceding week, May 11 - May 17, the market capitalization of Huobi Token got a 3% adjustment ($482 908 525 to $468 537 315) in comparison to a 8% change last week; this allows getting a deeper insight into the market structure.