Since the December 4 crash, Polkadot’s price has been consolidating and is indicating that it is about to make a move higher. Meanwhile, HUH Token looks ready to test and possibly break its all-time high.

The Polkadot (DOT)

Polkadot’s price has established a swing low of $24.35. Since this point, DOT has established a variety of swing highs, but the swing lows have remained near $24.84. DOT has tagged this barrier twice in the last eight days, implying a double bottom formation and a signal to move higher.

As a result, investors can anticipate an increase in Polkadot’s price. However, there is a possibility that DOT will retest the $24.84 support level for the third time in a special circumstance. This move would result in a triple bottom formation, increasing the likelihood of an upswing.

Polkadot’s first hurdle will be $29.54, roughly 14% above its current price of $26.01. Beyond that, DOT will test the $30.92 resistance level, which would indicate a 20% upswing.

DOT 4-Hour Chart According to TradingView

Polkadot’s price could rise to $35.04 in a highly bullish scenario, representing a 34% increase.

On the other hand, if DOT establishes a swing low below $24.35, it will establish a lower low, thereby invalidating the bullish sentiment. Polkadot’s price may then revisit the immediate support level at $22.66.

HUH Token (HUH)

HUH Token has reclaimed a support level at $0.0001702 indicating further upside is on the way. Over the weekend HUH’s price briefly consolidated down to $0.0000905 before bulls rallied and lifted the price back up, indicating buying levels are strong at these prices.

HUH then tested and broke above its new support level at $0.0001702. Investors can now expect HUH’s price to consolidate back to this level offering buyers a fresh opportunity to get in before the price swings up to retest HUH’s all-time high at $0.0002725 – a rally of roughly 59%.

HUH 1-Hour Chart according to TradingView

If HUH’s price can break above the all-time high at $0.0002725 then investors can expect the price to continue to move upwards and create new highs, with the first Fibonacci extension level of 23.6% or $0.0003368 as the next target.

However, if HUH’s price falls below the support level at $0.0001702, then traders can anticipate a dip to retest the next support level at $0.0001280. Potentially offering investors a new buy opportunity.

HUH Token launched on Monday, December 6 and surged over 4000%, breaking into PancakeSwap’s top 20 in its first week of trading.

Since launch, HUH Token has accumulated a market cap of over $170 million, with over 10 000 holders. HUH’s listing on popular indexes CoinMarketCap.com and CoinGecko.com this week has also helped propel the price upwards.

HUH’s creators have dubbed the new cryptocurrency a “utimeme” as it offers enhanced utilities over common meme cryptos, including a unique referral system that allows holders to make 10% commission for every successful HUH referral. The commission is paid in Binance Coin (BNB).

HUH Token also accumulates in a holder’s wallet over time, a feature that will certainly entice long-term investors.

For more on HUH Token:

Buy HUH on PancakeSwap – https://bit.ly/3pSg09d
Website – www.huh.social
Latest HUH Token News https://bit.ly/3F6ttAV

HUH Pay –https://huh.social/presale/index.html
Website: https://huh.social
CoinMarketCap: https://coinmarketcap.com/currencies/huh/
Telegram: https://t.me/HUHTOKEN
Twitter: https://twitter.com/HuhToken
Instagram: https://www.instagram.com/huhToken/

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