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HUH Token

XRP's price is forming a reversal pattern as bulls defend a critical support level. Meanwhile, HUH Token has rocketed over 400% on its first day of trading and looks set for further gains.

XRP


Ripple (XRP) reached a low of $0.76 over the weekend, followed by a brief 10% run-up. This upswing was brief, and it resulted in the formation of another swing low near $0.76, resulting in a double bottom.

This bottom reversal pattern indicates that the downswing has reached its conclusion. As a result, investors can anticipate a noticeable increase in buying pressure, pushing XRP price back to the $0.96 resistance level following a 15% upswing.

Clearing this hurdle will pave the way for liquidity to be collected above the $1.03 swing high. In total, this rise from $0.76 to $1.03 represents a 30% increase.

XRP is also currently trading well below all of its moving averages on a 4-hour and daily chart.

4-Hour Chart According to TradingView 4-Hour Chart According to TradingView

While XRP's price is improving, a break below the $0.76 support level will signal increased selling pressure. If buyers are unable to maintain this level, the cryptocurrency may retrace to the immediate support floor at $0.68.

If Ripple forms a lower low below this level, it will invalidate any bullish outlook and may trigger a crash to the next level at $0.61. Here, buyers have another opportunity to recoup their losses before Ripple falls further.


HUH Token

New cryptocurrency HUH Token (HUH) has rocketed over 400% on its first day of trading and looks set for further gains. HUH's initial coin offering (ICO) started at $0.00000564 but within just a few hours it surged to over $0.00003000.

Traders can still expect plenty of volatility as the new crypto finds its feet but looking at the 15-minute chart indicates that buyers have formed a base at $0.00002720.

15-Minute Chart According to TradingView 15-Minute Chart According to TradingView

As long as this support floor holds the price is expected to continue its upward momentum.

Solid fundamentals and recent media attention are some of the main reasons for HUH Token's successful launch.

As stated in the White Paper, "The dream of HUH Token is a decentralised metaverse in which everyone benefits from the data they generate. The data generated through engagement, whether it is information, opinion, images, sound, or another form of self-expression, generated value for influencers and individuals, because all data generates influence, and HUH believes that influence is a currency that should be shared for the greater good "'.

This concept of "tokenising" influence is unheard of in the cryptocurrency space and has the potential to resonate with the creative and influencer communities. Musicians, artists, and influencers can use this cryptocurrency and its associated social network, "MetHUH," to monetise their works or "influence" by exchanging HUH Tokens.

HUH Token intends to be listed on over 100 exchanges within 12 months. This will mean HUH's price will become more bullish with each exchange listing, as access to the token becomes more accessible.

HUH's creators have also locked in $1 million of liquidity for two years to bolster long-term sentiment.

Follow HUH Token on their Socials before they Launch:
Telegram: https://t.me/HUHTOKEN
Website: https://huh.social
Twitter: https://twitter.com/HuhToken
Instagram: https://www.instagram.com/huhToken/

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


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