Crypto prices had a mixed performance during the Christmas season. While some tokens like Huobi (HT) and Bitget Token (BGB) surged, many others erased their Santa Claus rally gains and plunged. This article looks at some of the top coins like Huobi Token (HT) and Bitget Token (BGB) and predicts whether they have more upside to go.
Bitget Token price analysis
The daily chart shows that the Bitget Token price has gone parabolic and defied gravity, making it one of the best-performing tokens in the crypto industry. The BGB token surged to a high of $8, much higher than the November lows. It has moved above all moving averages, while the Relative Strength Index (RSI) and the Stochastic Oscillator have moved to the extreme overbought level.
Therefore, the Bitget token will likely move into the distribution phase of the Wyckoff Method. The Wyckoff method identifies a few stages that assets go through like accumulation, markup, distribution, and markdown. As such, there are odds that it will drop sharply in the near term.
Crypto Price Predictions: Bitget Token, Huobi HT, iDEGEN
iDEGEN price analysis
The iDEGEN token was one of the main breakthrough coins during the Christmas Season. As its token sale gained momentum and went viral, iDEGEN thrived because of its positioning as the best AI crypto in the world. Its goal is to become a key player in the crypto and social media industry.
Each time a user posts, the iDEGEN technology takes that data and then sends engaging posts each hour.
Data on its website shows that it has raised over $9.4 million from investors, and the momentum has continued to accelerate.
The iDEGEN token sale has also gained momentum because of the recent success of other crypto projects that have gone through token sales like Poodlana, Pepe Unchained, and Bitcoin Dogs have turned so many people into millionaires as their tokens rose. You can buy the iDEGEN token here.
Huobi Token Price analysis
The Huobi Token price has jumped sharply in the past few days. It rose to $1.4630 on Thursday as other exchange tokens continued their rally. This was a notable level because it was at the highest point this year.
Huobi Token has risen above the 50-day and 25-day moving averages. Also, oscillators have all pointed upwards, a sign of renewed momentum.
However, the HT token has formed a triple-top pattern, a popular bearish sign. Therefore, the coin will likely resume the downtrend in the next few days, a move that will see it retest the support at $0.9112. A move above the triple-top pattern at $1.4630 will invalidate the bearish view.
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