By Franklin Smith
Recently, Huobi Team declared their headquarters would quit Singapore. That was during the Chinese crypto trading crackdowns. This development triggered changes in the alt’s price movements. While publishing this article, Huobi Token (HT) hovered around $9.93. The past 24 hours saw the altcoin recording 8.7% price growth, reflecting the crypto project’s investment increases.
Huobi Token: 4Hr Chart
HT has its closest price ceiling at $10.39, and the alt has wavered beneath this level over the last few weeks. Meanwhile, technicals suggest upside price trends. The RSI shows that Huobi Token had its buying strength, hitting a multi-week peak. The indicators stay around the 80-level, signifying HTC moved within the overbought condition at this writing.
IF HT manages to crack the resistance at $10.39, it will have other price ceilings at $11.03, then $11.54. Meanwhile, the Chaikin Money Flow indicates capital inflows exceeded capital outflows. That is because of the growing institutional interest amid the latest news in Huobi headquarters.
Also, the MACD hit a bullish cross and displayed green histograms. If the buying momentum drops, HT might approach the support at $9.29, then $8.39.
SushiSwap: 4Hr Chart
SushiSwap has had consistent downtrends over the past few weeks. With that, SUSHI lost nearly 20.7% of its price within the past week. While writing this content, SushiSwap flashed appreciation signals as the crypto recorded a 24-hour 2% gain, trading around the $6.07 mark. The coin has its nearest support area at $5.11.
The MACD saw a bullish cross and displayed recovery signs in the past day. On the sale, AO (Awesome Oscillator) presented green histograms. Though the RSI remained beyond the half-line, it plummeted a bit. That meant buyers’ exit. If buying momentum returns, Shiba Inu might try to crack the resistance at $6.79. Overcoming this level will have SUSHI standing at $8.29. More price ceilings await, at $10.18, $11.97, and $13.15.
Recently, SushiSwap’s CTO Joseph Delong resigned amid continuous tension and friction with the project’s team.
Axie Infinity: 4Hr Chart
Axie Infinity had gradual progress since the December flash crash. The altcoin saw a 2.7% surge over the last day. The coin traded at $113.45, and an enormous bullish reversal might see AXXS aiming the nearest price ceiling at $121.40 before approaching $130.90. Cracking these levels may push the alt towards the weeks-long price ceiling at $144.48.
The technical outlook depicts bullishness. The 4Hr chart shows AXS trading beyond the 20-Simple Moving Average line, showing buyers’ favoritism. Moreover, the MACD showed a bullish cross and impressive price mood. Awesome Oscillator had a visible green histogram, implying upward price movements.