HBTC Captain Token Price Prediction 2022 — Will HBC Hit $40 Soon?

HBTC Captain Token Price Prediction 2022 — Will HBC Hit $40 Soon?
  • Bullish HBC price prediction is $8.0010 to $30.9478.
  • The HBC price will also reach $40 soon.
  • HBC bearish market price prediction for 2022 is $0.0206

In HBTC Captain Token’s (HBC) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and much other information about HBC to analyze the future movement of the cryptocurrency. 

HBTC Captain Token Current Market Status

According to CoinGecko, the price of HBC is $2.98 with a 24-hour trading volume of $41,537 at the time of writing. However, HBC has increased nearly 0.5% in the last 24 hours. Currently, HBC can be traded in the top cryptocurrency exchange Huobi Global. The circulating supply of HBC is 8,142,902HBC. 

What is HBTC Captain Token (HBC)?

HBTC Captain Token (HBC) is the native token of the BHEX chain and is a full tokenized innovative platform token introduced by BHEX Exchange. HBC token carries the key interests of the three core businesses of Bluehelix Group, which include BHEX Exchange, BHEX Chain, and Bluehelix Cloud SaaS and white label solutions. A BHEX Captian is an indispensable and important member of the BHEX Exchange. A BHEX Captain also acts as a mentor to help users solve any problems they may encounter when using BHEX Exchange for various types of trading needs. 

HBTC Captain Token (HBC) Price Prediction 2022

HBTC Captain Token holds the 797th position on CoinGecko right now. HBC price prediction 2022 is explained below with a weekly time frame.

HBC/USDT Ascending Triangle Pattern (Source: Tradingview)

An ascending triangle is generally considered to be a continuation pattern, meaning that the pattern is significant if it occurs within an uptrend or downtrend. Once the breakout from the triangle occurs, traders tend to aggressively buy or sell the asset depending on which direction the price breaks out. The trendlines of a triangle need to run along at least two swing highs and two swing lows. A long trade is taken if the price breaks above the top of the pattern. A short trade is taken if the price breaks below the lower trendline.

Currently, HBC is in the range of $2.98. If the pattern continues, the price of HBC might reach resistance levels. If the trend reverses, then the price of HBC may fall to $1.8499 & $1.5917.

HBTC Captain Token (HBC) Support and Resistance Level

The below chart shows the support and resistance level of HBC.

 HBC/USDT Support and Resistance Level (Source: TradingView)

From the above daily time frame, it is clear the following are the resistance and support levels of HBC.

Resistance Level 1$8.0010
Resistance Level 2$30.9478
Support Level 1$1.4534
Support Level 2$0.2245
Support Level 3$0.0942
Support Level 4$0.0206
HBC Resistance & Support

The charts show that HBC has performed a bullish trend over the past month. If this trend continues, HBC might run along with the bulls overtaking its resistance level at $30.9478.

Accordingly, if the investors turn against the crypto, the price of the HBC might plummet to almost $0.0206, a bearish signal.

HBTC Captain Token Price Prediction 2022 — RVOL, MA, and RSI

The Relative Volume (RVOL) of HBC is shown in the below chart. It is an indicator of how the current trading volume has changed over a period of time from the previous volume for traders. Currently, the RVOL of HBC lies below the cutoff line, indicating weaker participants in the current trend.

HBC/USDT RVOL, MA, RSI (Source: TradingView)

More so, the HBC’s Moving Average (MA) is shown in the chart above. Currently, HBC is in a bullish state. Notably, the HBC price lies above 50 MA (short-term), so it is completely in an upward trend. Therefore, there is a possibility of a reversal trend of HBC at any time.

Meanwhile, the relative strength index (RSI) of the HBC is at level 60.42. This means that HBC  is in a nearly overbought state. However, this means a major price reversal of HBC  may occur in the upcoming days. So, traders need to trade carefully. 

HBTC Captain Token Price Prediction 2022 — ADX, RVI

Let us now look at HBTC Captain Token’s Average Directional Index (ADX). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.

HBC/USDT ADX, RVI (Source: TradingView)

The above chart represents the ADX of HBTC Captain Token. Currently, HBC lies in the range of 39.8261, so it indicates a strong trend. 

From the above chart, the Relative Volatility Index (RVI) of HBC. RVI measures the constant deviation of price changes over a period of time rather than price changes. The RVI of HBC lies above the 50 levels, indicating that the direction of volatility is high. In fact, HBC’s RSI is at 60.42 level thus confirming a potential sell signal.

Comparison of HBC with BTC, ETH

The below chart shows the price comparison between Bitcoin, Ethereum, and HBTC Captain Token.

BTC Vs ETH Vs HBC Price Comparison (Source: TradingView)

From the above chart, we can identify the trend of the HBC is moving at a consolidation trend. But, the recent trend of BTC and ETH moves in a downward direction.

Conclusion

With continuous improvements in the HBTC Captain Token network, we can say that 2022 is a good year for HBC. For this reason, the bullish price prediction of HBTC Captain Token in 2022 is $30.9478. On the other hand,  the bearish HBC price prediction for 2022 is $0.0206.

Furthermore, with the advancements and upgrades on the HBC ecosystem, the performance of HBC would help to reach above its current all-time high (ATH) $34.49 very soon. But, it might also reach $40 if the investors believe that HBC is a good investment in 2022.

FAQ

1. What is HBTC Captain Token?

HBTC Captain Token (HBC) is the native token of the BHEX chain and is a full tokenized innovative platform token introduced by BHEX Exchange. 

2. Where can you purchase HBC?

HBTC Captain Token can be traded in the top crypto exchange Huobi Global.

3. Will HBC  reach a new ATH soon?

With the ongoing developments and upgrades within the HBC platform, it has a high possibility of reaching its ATH soon.

4. What is the current all-time high (ATH) of HBTC Captain Token?

On May 20, 2021, HBC reached its new all-time high (ATH) of  $34.49.

5. Is HBC a good investment in 2022?

HBTC Captain Token (HBC) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of HBC in the past few months, HBC is considered a good investment in 2022.

6. Can HBTC Captain Token (HBC) reach $40?

HBTC Captain Token (HBC) is one of the active cryptos that continues to maintain its Bullish state. Eventually, if this bullish trend continues then HBTC Captain Token (HBC ) will hit $40 soon.

7. What will be the HBC price by 2023?

HBTC Captain Token (HBC) price is expected to reach $45 by 2023.

8. What will be the HBC price by 2024?

HBTC Captain Token (HBC) price is expected to reach $57 by 2024.

9. What will be the HBC price by 2025?

HBTC Captain Token (HBC) price is expected to reach $63 by 2025.

10. What will be the HBC price by 2026?

HBTC Captain Token (HBC) price is expected to reach $70 by 2026.

Disclaimer: The opinion expressed in this chart solely author’s. It does not interpreted as investment advice. TheNewsCrypto team encourages all to do their own research before investing.

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