HTX Soars 60% From Monthly Low Amid Improved Investors SentimentHTX Soars 60% From Monthly Low Amid Improved Investors Sentiments
Meta Description: HTX price surged over 60% in a week, ending a three-month correction phase.
HTX price made a strong recovery, rising nearly 60% a week marking the end of a correction phase.
At the time of writing, HTX was trading at $0.00000147, indicating a 4.75% gain in Intraday.
HTX price took a strong leap and surged over 60% a week. With this impulsive move the crypto has marked the end of its three month correction phase and may continue to inch higher. The recent surge has filled the investors with optimism for further recovery.
At the time of writing, HTX price was hovering close to $0.00000147 indicating a positive development of 4.75% a day. The price surge highlights a strong comeback by the bulls at the lower levels.
HTX serves as the governance token for HTX DAO, a decentralized autonomous organization . Holders of HTX tokens have the right to vote on various proposals and can delegate their voting power as they see fit, actively participating in the organization's governance.
HTX Investors Filled With Optimism.
The HTX price has benefited greatly from the investors' positive behavior. The investors sentiment started shifting positive as the altcoin's Relative strength index line started recovering from an oversold region.
As per the coinmarketcap.com, the community sentiment shifted from bearish to bullish after the price started recovering from an all time low value of $0.00000068 a couple of weeks ago.
The RSI movement into the bullish zone added a confirmation to the investors sentiment and a strong demand was observed. The transaction volume surged by nearly 45% indicating a strong demand.
Moreover, the volume to market cap ratio at 3.25% suggests low volatility. It has a live market capitalization of $5.1 Billion as per the data reported by coinmarketcap.com. Moreover, HTX has a circulating supply equal to the total supply of 999.9 Trillion tokens.
HTX Price Technical Analysis
From a technical standpoint, HTX price was observed to be trading significantly higher above the 20 and 50 day Exponential moving average indicating a bullish outlook in the near term.
Moreover, a bullish crossover of the 50 and 200 day EMAs were observed on the 4-hour charts indicating a continuation of the bullish trend. The key EMAs may act as a dynamic support to the HTX price if pulled back.
On the higher side, HTX price may encounter resistance near the $0.0000016. The price is rising with momentum and may register a breakout if the momentum persists. Now, if the bulls are able to break above the recent hurdle of $0.00000197, it may invite more buying volumes and the price may surge to claim its annual and ALL time high of $0.00000120.
On the lower side, the $0.00000117 level may act as an immediate support and prevent the price from falling lower. The technical indicators MACD and RSI leave a positive note about the trend outlook at the moment.
HTX price surged over 60% in a week, ending a three-month correction phase. At the time of writing, HTX was trading close to $0.00000147, adding over 4.75% in a day. Moreover, the positivity in the trend seemed to be driven by investor sentiment and a recovering RSI from oversold levels. Community sentiment shifted from bearish to bullish after hitting an all-time low of $0.00000068.
From a technical outlook, HTX trades above the 20 and 50-day EMAs, with a bullish crossover of the 50 and 200-day EMAs on 4-hour charts. Resistance lies near $0.0000016, with potential for a breakout. furthermore, the immediate support lies at $0.00000117, with MACD and RSI indicators showing a positive trend.
