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HUH establishes support levels near $0.00006064.

The ripple price has been consolidating above the three-day demand zone, ranging between $0.704 and $0.778 and has generated bullish momentum. Meanwhile, HUH Token has broken its downward trend and now looks to retest resistance levels.

Ripple (XRP)


Ripple has begun gaining bullish momentum as it revisits its downward trend line and has now formed a symmetrical triangle, forming higher lows, usually an indicator of a trend reversal. If the uptrend continues, XRP will retest $0.89.

In a bullish scenario, Ripple could rise above $0.829 and retest $0.939, representing a 13% gain from current levels.

Looking at Ripple’s daily chart shows that XRP’s price is well below all of its moving averages and its stochastics have broken below their lower bands and into the buy zone, indicating that a run up is likely.

XRP Daily Chart According to TradingView XRP Daily Chart According to TradingView

However, traders should proceed with caution as XRP would need to break its resistance barrier at $0.829 before initiating upward movement. Traders should be especially observant on whether XRP manages to break its 2-month long downtrend line as this would indicate that a trend reversal is possible and higher surge up to retest $1 would then become likely.

While the bullish outlook is reasonable, a spike in selling pressure that pushes Ripple’s price below $0.704 will result in a lower low, nullifying the bullish outlook.

HUH Token (HUH)

HUH Token has broken through its downtrend line, indicating that further sideways movement is likely as HUH establishes support levels near $0.00006064. If bulls are able to maintain this level, the price is likely to move higher and retest previous resistance levels at $0.00008000 and $0.00012761. This would result in a 60% increase over current levels.

HUH 12-Hour Chart According to TradingView HUH 12-Hour Chart According to TradingView

HUH Token has seen a 30% increase in value since the start of the new year, breaking the blue downtrend line.

Investors should anticipate continued sideways movement as the price retests and bounces off the $0.00006064 support level. The price should then trade between $0.00006064 and the initial resistance level of $0.00008000. If the price of HUH is able to break above this resistance level, a move higher to the next resistance level at $0.00012761 is likely.

However, if HUH breaks below its support level at $0.00006064 then the bullish outlook will be invalidated.

After launching on December 6, 2021, HUH Token surged over 6000%. HUH Token has already launched on PancakeSwap, but will also be available on Uniswap on January 6, which should benefit the price.

HUH currently has over 15,000 holders, with additional listings on the horizon. The creators of HUH have announced that hundreds of influencers will begin posting about the token on Instagram and Twitter on January 19th, which should have a positive influence on price.

Learn More About HUH Token Here:

Website: https://huh.social

HUH Official Swap: https://swap.huh.social/

Telegram: https://t.me/HUHTOKEN

Twitter: https://twitter.com/HuhToken


(Disclaimer: This is a sponsored article and includes some commercial links.)


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