New On-Chain Data Released for Huobi Token (HT)! Direction Which Way?

From on-chain tracking platforms centimentup 86% in a week To Huobi Token (HT) published new on-chain data on

According to Santiment’s data, the amount of HT tokens in circulation in the last 24 hours is only 93,800. While the amount of HT tokens in circulation decreased, the number of HT wallets operating in the last 24 hours increased regularly throughout the week to 339.

The increase in the number of active daily wallets may indicate that active days are imminent again in the HT token. Another chart from Santiment shows the supply of Huobi Tokens available on exchanges.

According to the latest data, while the number of HT token transfer transactions to exchanges has increased, the total number of transactions in exchanges has increased. HT its supply reached 16.8 million. The rise of the token supply on the exchange is not normally interpreted as good on-chain data. The move of tokens to the stock market shows that investors are slowly preparing for sale.

When we look at the profit and loss table of the investors, it is seen that most of them are smiling. Santiment’s Market Value / Real Value (MVRV) data shows that the majority of traders who bought HT in the last 30 days are in profit.

Recently, Huobi stock market Justin Sun’s HT token gained 86% due to the news that it will buy it. Analysts state that investors who want to buy HT tokens from the moment of the rise should be careful. A sales wave that may come after the 86% premium may hurt many investors trying to chase the train.

It is estimated that $ 7.16 can be seen as the support level in the first stage. If this level is lost, a decrease to 6.50 levels can be foreseen.

On the other hand, it is important to maintain a permanence above $7.85 for the upwards to continue. In case of persistence above this level and the continuation of the rises, the next resistance point will be the $9 levels.

HT is currently trading at $7.33, down 4.30%.