Huobi Token

The buyers controlled the Huobi Token market between May 19 and May 25 as the price grew by 8%.

Between May 19 - May 25, Huobi Token has been mostly as its price has been in the rising mode. 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 crypto coin's market experienced a growing trading volume during the observed time period, which fell in line with the price action.

According to our market analysis, the weak price movement of Huobi Token was dictated by low volatility. The average volatility of HT was as low as 0.34%, causing the dull price action. Despite the overall weak performance, the volatility of the coin had its highest point at 4.75%. On May 24, the asset didn't make any noticeable price movements as its volatility dropped to the lowest level at 0.34%. The unimpressive volatility of 0.34% showcases the overall weakness of the crypto coin.

The first day of price action was marked by the 1% move to the upside from the point where the trading session opened. On May 20 the coin market stayed neutral, with no changes in the price. The cautious traders dominated the price action on May 21, with the Huobi Token market remaining flat. The HT market was up as the price shifted by 1% on May 22, against the backdrop of the sufficient trading volume. Huobi Token finalized the trading day of May 23 at $3.09 after opening it at $2.95, though the price broke through that corridor to hit the 24H high at $3.13 and the 24H low at $2.94. On May 24, the crypto coin showcased the following price fluctuations: the trading session began at $3.17 and then traveled from the low of the day at $2.97 to the high of the day at $3.17, closing at $3.02. The coin found the deepest trough (24H low) at $3 on May 25 and then exploded to the ceiling (24H high) at $3.12; the price range for that day was between $3.02 and $3.12. The highest point of the price action over the week was at $3.17 - the weekly low during the same period was established at $2.87. Huobi Token shaped the $0.22 price range over the week of price action, which constituted the 8% gap between the weekly low and the weekly high.

Over the period of the last 7 days, May 19 to May 25, Huobi Token saw its average trading volume fluctuate between $19 578 475 and $18 379 127. We can draw the comparison with the period of 7 days that preceded the reviewed one when HT ’s trading volume varied from $13 412 783 to $19 382 019. Percentage-wise, the trading volume of the asset changed by 4%, in comparison to the previous period, while its price experienced a 8% adjustment.

The total market capitalization of Huobi Token during the past 7-day oscillated between $472 170 760, the starting point that was established on May 19, and $488 341 827 on May 25, the end date of the reviewed period. 3% was the calculated percentage change for the HT market over the past week. The 3% change in the coin's market capitalization affected the price rate that saw a 8% shift in the same time period. A better understanding of the lay of the land on the Huobi Token market requires a comparison with the preceding week when the total market capitalization of Huobi Token changed by 1% as it went from $466 861 797 to $472 170 760.

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Article date: May 25 | May 19 - 25

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