Stellar, Nano, Huobi Token gear up for yet another bullish swing
Bitcoin’s recent price surge has undoubtedly been positive for much of the altcoin market, with many continuing to closely follow the king coin’s price movement. After establishing a series of highs over the past few weeks, the altcoins’ technical indices have continued to favour the bulls.
The Stellar Development Foundation [SDF], Lumenthropy, an XML-powered philanthropic organization, as well as the Stellar community, are at the head of the efforts against Coronavirus after they announced the launch of a donation program to give out 2.5 million XLM to token-supported charities to tackle the pandemic.
XLM was down by 1.79% over the past 24-hours, something that drove its price $0.041. At press time, the token was registering a market cap at $837 million and a 24-hour trading volume of $365 million.
Resistance: $0.062, $0.087
MACD: The MACD line was hovering above the signal line, highlighting a bullish phase for the coin.
Chaikin Money Flow: The CMF indicator was also bullish for XLM’s price.
Huobi Token [HT]
Like the SDF, Huobi Charity is also contributing to the efforts against COVID-19 after it announced a donation of approximately $50,000 in Huobi Tokens [HT] to the Indonesia-China Association of Economic, Social and Cultural Cooperation [ICAESCC] for the purchase of medical supplies for hospitals.
Huobi Token [HT] was valued at $3.53, at press time, after it recorded a minor surge of 1.10% over the past 24-hours. Additionally, HT recorded a market cap of $797 million and a 24-hour trading volume of $166 million.
Resistance: $3.98, $5.02
Parabolic SAR: The dotted markers below the HT price candles depicted a bullish trend for the coin.
Awesome Oscillator: The green closing bars of the AO indicator also highlighted a bullish phase for HT.
At press time, NANO was priced at $0.566, with a market cap of $75.5 million. The token registered a trading volume of $5.13 million after surging by 6.24% over the last 24-hours.
Resistance: $0.913, $1.13
Klinger Oscillator: The KO line above the signal line suggested the coin’s presence in bullish territory.
Relative Strength: The RSI was above the 50-median zone and appeared to be heading for the overbought zone.