Why Did Huobi Token Price Surge Over 400% in 24 Hours?

The recent rally has pushed Huobi Token price back into the spotlight after a long downtrend. This time it’s in the limelight as its price has significantly climbed up more than 417% within the last 24 hours before cooling down. 

Despite the profit-taking soon after the spike, the Huobi Token price today still holds remarkable gains above $1. This recovery is fueled by both technical and on-chain signals, which firmly underscore renewed confidence in the HTX Global Exchange native token.

Huobi Token Price Today Sees Explosive Gains

In the past 24 hours, the Huobi Token price today surged from under $0.30 to touch $1.53, which has marked a massive 417% increase in gains. 

While this rise was a part of a volatile move, it later retraced to $1.04, yet the token is still bullish, which still holds nearly 245% gains at the time of writing. 

Staying above the $1 mark is not a coincidence like meme-coin; in fact, it clearly highlights that the project has strong fundamentals, which is why the HT token is displaying resilience despite short-term profit booking.

This recent short-term surge has also pushed the HT price USD to its highest level since February 2024. The daily Huobi Token price chart shows back-to-back bullish candles, signaling a confirmed reversal in the several months of 2025’s market momentum.

Technical Setup and Key Levels on Huobi Token Price Chart

On the higher timeframe, the weekly chart shows that Huobi Token price has struggled at a critical resistance level at $1.5 in the most recent rally.

The chart observation highlights that if this weekly hurdle is flipped into support, then it would confirm that buyers have regained long-term control in the long term. 

Because Such a move could set up an extended run, with short-term HT price prediction targeting $3.0 and a possible Huobi Token price forecast of $6.80 if the broader market maintains its bullish cycle.

However, traders should be cautious. Because a failure to sustain above $1 could trigger a pullback toward $0.93 or even $0.67.

On-Chain Data Supports Huobi Token Price Rally

Supporting this short-term rise, the On-chain metrics reveal that the rally wasn’t just speculation but was backed by real user activity. Active addresses spiked significantly, signaling increased participation.

Retail holders owning between 1 and 1,000 HT coins showed strong FOMO-driven buying. Meanwhile, whale wallets holding between 100,000 to 10 million HT coins also added to their positions, displaying long-term conviction. 

Interestingly, the price retraced to $1.0 because the mid-level holders (1,000 to 100,000 HT coins) engaged in profit booking, locking in gains from the rally.

HTX Global Updates Add Fuel to the Rally

Moreover, the exact reason for this sudden change in sentiment coincided with an announcement from HTX Global Exchange on August 21, which had assured its users that deposits and withdrawals would no longer face freezes. 

Similarly, the Arkham data suggest that Justin Sun has consistently accumulated HT, even during downtrends, showcasing confidence in the token’s fundamentals.

Therefore, the Huobi Token price forecast suggests that High-profile investors’ trust may benefit its price and project both in the long run.