Justin Sun's $50M HT Token BurnEvery move by influential figures can send ripples through the market. Justin Sun, renowned for his strategic maneuvers, recently set tongues wagging with a bold announcement: a staggering $50 million worth of SEED_ALEXDRAYM_BIGMAC:HT tokens have been consigned to the flames in a calculated token burn. This calculated step has effectively slashed the total supply of SEED_ALEXDRAYM_BIGMAC:HT tokens, leaving a leaner 110 million in circulation.
Sun's decision to wield the torch of token burn isn't merely a spur-of-the-moment gesture; it's a meticulously plotted move within his grand scheme to recalibrate the supply-demand balance of SEED_ALEXDRAYM_BIGMAC:HT tokens. With a reduced supply, Sun aims to sow the seeds of scarcity, potentially stoking the flames of SEED_ALEXDRAYM_BIGMAC:HT token value. This strategic dance aligns seamlessly with his relentless quest to optimize the performance and market standing of his cryptocurrency ventures.
As one of the most influential players in the cryptocurrency arena, Sun's actions resonate far and wide, leaving an indelible mark on investor sentiment and market trends. The aftermath of this token burn is poised to trigger a whirlwind of speculation and scrutiny from investors, traders, and enthusiasts alike, all eager to decipher its implications for the SEED_ALEXDRAYM_BIGMAC:HT token ecosystem and the broader cryptocurrency landscape.
In the wake of Justin Sun's incendiary move, fervent discussions have erupted within the cryptocurrency community, with analysts donning their prognosticator hats to forecast the long-term trajectory of SEED_ALEXDRAYM_BIGMAC:HT token value and utility.
Many seasoned observers posit that the diminished token supply resulting from the burn could herald a new era of scarcity. With a dwindling pool of SEED_ALEXDRAYM_BIGMAC:HT tokens up for grabs, the immutable law of supply and demand suggests that the value of each token could ascend over time. This uptick in value might allure investors seeking a hedge against inflation or simply a potential windfall in the form of capital appreciation.
But the ramifications of this token burn extend beyond mere price dynamics; they permeate the very fabric of SEED_ALEXDRAYM_BIGMAC:HT token utility and ecosystem. As the supply dwindles, the relative scarcity of SEED_ALEXDRAYM_BIGMAC:HT tokens could serve as a catalyst for heightened adoption and utilization, particularly within decentralized finance (DeFi) arenas or other platforms leveraging SEED_ALEXDRAYM_BIGMAC:HT tokens for a plethora of functions.
Amidst the cacophony of reactions reverberating across the cryptocurrency community, a kaleidoscope of sentiments emerges. Some investors embrace an aura of optimism, viewing the reduction in SEED_ALEXDRAYM_BIGMAC:HT token supply as a harbinger of potential price appreciation in the long haul. Others tread cautiously, cognizant of the nuanced interplay between market forces and the whims of cryptocurrency moguls like Justin Sun.
As the dust settles and the cryptocurrency community braces for the next chapter in Justin Sun's saga, one thing remains abundantly clear: the fervent dialogue sparked by this token burn underscores the ever-evolving nature of the cryptocurrency landscape, where every move is scrutinized, dissected, and met with a symphony of reactions. In this arena of volatility and opportunity, Justin Sun's $50 million SEED_ALEXDRAYM_BIGMAC:HT token burn stands as a testament to the enduring allure and intrigue of cryptocurrency markets.
HT
HT in the buy zone !!!HT is in the global buy zone 3.38-1.57
Local buy zone 3.17-1.82
Buy zone 3.4-2.44
Buy Level 2.51
Bucket $1.72 (maybe backache)!
Everything turned out in a heap! I just really wanted to show you where the volume is and what its price is!
The price of the volume was 1.08 Most likely, the som exchange bought a large volume of tokens at this price and is still holding it!!!
It follows that the price should be pushed well above the previous high!!!
And this is at least 14X.
Huobi Token HT could be the next exchange to fall?Huobi had experienced a lot of withdrawals recently.
This week I predict another selloff in the stock and crypto market after the CPI report on January 12.
My price targets for Huobi Token HT are:
HT/USDT short
Entry Range: $4.50 - 5.00
Price Target 1: $4.30
Price Target 2: $3.80
Price Target 3: $3.00
Stop Loss: $5.90
Huobi Token | A New Bullish CycleHuobi Token (HTUSDT) is entering a new cycle after breaking out of a major downtrend.
This downtrend went on for 546 days and seems to be at its end.
We can see the weekly candle now challenging MA200 at $6.7795.
Moving and staying above this level would definitely put the bulls in control of this chart.
After this level is conquered all bets are off.
Looks like Huobi Token is getting ready to start a new uptrend; a new cycle... Long-term growth.
Note: Confirmation is still needed... The bullish cycle is getting close though.
Namaste.
HTUSDT2 options for entry ,waiting for CHoCH on 1-15m tf and open long or short, follow the risk management and don't forget to put stop loss
Is Huobi Token Megaphone Pattern Bullish or Bearish?Over the past 3.5 months, Huobi Token (HT) has been developing a megaphone pattern, also known as the broadening pattern. The pattern is neither bullish nor bearish, but it hints at a period of heightened volatility as long as HT's price remains trapped inside the megaphone support and resistance levels.
HT Megaphone Pattern
The megaphone pattern can be recognized by successive higher highs and lower lows. On the price chart, this pattern is visible by two diverging trendlines. Usually, the pattern marks a period of high volatility with no clear market direction.
HT's price is testing the upper resistance trendline of the megaphone pattern around the $7.10 level.
RSI Oscillator
After the recent sharp rally, HT's price is greatly overbought. The Relative Strength Index (RSI) has reached 84, its highest reading since February 2021. Fears of the rally losing momentum are justified, as other technical factors are calling for a pause.
Aside from extreme overbought levels, HT's price is also battling the key 200-day simple moving average.
200-Day Simple Moving Average
While we broke above the 200-day simple moving average, it remains to be seen how this will play out within the megaphone pattern. For a fundamental shift in the market sentiment, we need multiple daily closes above the 200-day SMA.
The current daily candle already shows signs of rejection at the megaphone resistance trendline, which may be another sign that, in the short term, the bullish momentum is running out of steam.
Looking forward: To the downside, the first support area is the $5.00 big psychological level. A daily break and close below $5.00 will eventually open the door for a retest of the lower support trendline.
The real buyer of Huobi is Justin Sun ? The sale of a majority stake in cryptocurrency exchange Huobi was completed last week. Management to About Capital, which, according to journalists, is owned by Justin Sun. The Tron founder himself denies any involvement in the agreement.
On October 10, freelance reporter Colin Wu said that Justin Sun was behind the purchase of Huobi. He is the main investor of About Capital and the idea to buy the exchange belongs to him.
According to Wu, the deal was worth about $1 billion.
Sun took over as "global advisor" along with Leah Wald, CEO of Valkyrie Investment.
About Capital said the appointment aligns with Huobi's new strategy to move within the global marketplace.
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Huobi Token HT bearish sentimentSeptember has major catalysts for the crypto market as well as for the stock market.
The Ethereum merge on September 6th, that will end on Sept 20, the inflation report on September 13 and the next FOMC meeting afterwards with the new interest rates hike.
That is reflected in the crypto space in general as a bearish outlook.
Huobi Token HT is a cypto with a negative overall sentiment recently.
I have the following price targets:
HT/USDT short
Entry Range: $4.50 - 5.10
Price Target 1: $4.10
Price Target 2: $3.50
Price Target 3: $2.90
Stop Loss: $5.90
Huobi Token HT Price Targets and Stop LossHT/USDT
Entry Range: $8.78 - 9.88
Price Target 1: $10.70
Price Target 2: $13.50
Price Target 3: $16.50
Stop Loss: $7.70
HT Huobi Exchange Token Ready to pump for 50% to 3x htusdt htbtcHT Huobi Exchange Token Ready to pump for 50% to 3x htusdt htbtc
Huobi Token HT Price Targets and Stop LossHT
Entry Range: $8.45 - 9.95
Price Target 1: $10.70
Price Target 2: $13.50
Price Target 3: $16.50
Stop Loss: $7.70
HT at support zone#HT/USDT
$HT is at long term ascending support zone.
holding the support can increase price to resistance zone around $11.5 and breaking this resistance will head up price to touch $14 and more.
break below support zone will drop price to $7 and $5.
Huobi Token is Ready to $50 Club mean 500% from here#HT/USDT TA Update:-
$HT currently trading around $9.75
And forming Strong Bull flag in Weekly chart.
If any Weekly candle close above $11 that’s will be Perfect entry.
I am also Accumulating some $HT here.
Strong support is $8
Above $8 is Bullish scenario for HT.
So IMO $8-10 is Good entry for accumulate in Spot.
Targets:- $15/$31/$56
Stop Loss:- If any weekly candle close below $8 then I will exit from this Trade.
Support:- $8/$5
Resistance:- $15/$31/$56
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HT is awesomeI see HT in 2022 in the $ 50 range. Although this is just an idea, not a financial advice; But keep an eye on it!
HT(Huobi) $HT $Huobi #HT #HuobiDear Friends
The price is in the neutral or suffering zone in the daily time frame.
But last week the important downtrend line that had 3 collisions as resistance was broken and Polbeck also had the area and is now accumulating.
Moving 200 intersects with and static area as important resistance. After breaking that range and back (Rectangle) we enter with force for long.
Targets: 11.5 - 16
Important Support : 8 - 9
HTUSDIf you cross the $ 12 resistance, you are likely to climb above $ 50 in the short term
Disclaimer
This is just a theory and is not a buy or sell recommendation.
HT Huobi Exchange Token Ready to pump for 50% to 100% jump HT Huobi Exchange Token Ready to pump for 50% to 100% jump
HT broke out descending resistance#HT/USDT
$HT hold the long term ascending support and broke out from descending resistance, there is another descending resistance to break, then price will head up toward resistance zone . breaking out from this zone will increase price to trend lines.
if price reject from current resistance and break down from long term support it will drop to $7 and maybe $5.
HT/USDTesting/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice.
HTUSDT Technical Analysis⏳ Spot
💎 HTUSDT has broken above the symmetrical triangle. The price has broken above a significant resistnce and after the retest it is expected that the price continues the bullish run.
🌐 Tradingview
🏁 Medium Term
💵 Invest Only 5% of your Portfolio
🎳 Entry at Market or at 7.5000
☕️ TP1 9.0000
🍺 TP2 11.2800
🍻 TP3 13.5000
🍾 TP4 17.0000
🍷 TP5 _______
🍸 TP6 _______
🍹 TP7 _______
🎁 TP8 _______
🚫 SL 5.4500
Good Luck 🎲
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Huobi Token (HT) in possible trend reversal When the price touches the orange support line, we will likely have a bullish reversal.
If the forecast is confirmed, there may be an increase of 100% and later of 400%.