4 Best Cryptos to Buy Now October 20: HT, XCN, TAMA and IMPT

Updated: 20 October 2022

Disclosure

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

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Amidst the current bearishness in the cryptocurrency market, HT, XCN, and TAMA are looking spectacular as they make potential bullish moves. With Huobi Token (HT) making a sudden breakout out of its diagonal resistance, XCN keeps heading towards its diagonal resistance with full buying force.

XCNUSD has a high level of volatility. The single bullish daily candle from the $0.610 demand level has engulfed multiple daily candles. Tamadoge’s current price is above its open price today, which is a positive sign for the bulls.

Huobi Token (HT/USD)

Until the sudden breakout, a diagonal resistance has been keeping the Huobi Token in a downward trend for a very long time. This sudden breakout was due to the liquidity grab below the equal lows around the $4.50 demand zone. The RSI indicator has already indicated that the market is currently overbought. Therefore, a correction downward is expected until the liquidity void is filled, after which the buyers can resume the market trend upward.

Huobi Token (HT/USD)

Current Price: $7.82
Market Capitalization: $1.2B
Trading Volume: $35M
7-day Gain: 8.23%

Chain (XCN/USD)

The descending trend of XCN/USD has been greatly repulsive to prices for months. The swift breakout to the downside at the $0.08 price level shows that the market is extremely bearish. The current sudden expansion of price towards the diagonal resistance was a result of the bullish divergence indicated by the RSI indicator. Since the RSI remains around its 50 levels, the XCN/USD might continue soaring higher.

Chain (XCN/USD)

Current Price: $$0.0714
Market Capitalization : $1.5B
Trading Volume: $41M
7-day Gain: -0.85%%

Tamadoge (TAMA/USD)

The middle and lower bands of the Bollinger Bands (BB) indicator have been acting as the dynamic resistance and support of Tamadoge since the 14th of this month. A rapid u-turn happened recently after TAMA/USD hit the bullish order block below the $0.0230 demand zone. This rapid u-turn led the market towards resistance at $0.03. TAMA/USD appears to be returning to the bullish order block to grab enough sell-side liquidity for a powerful bull run.

Tamadoge (TAMA/USD)

Current Price: $0.0285
Market Capitalization: $25M
Trading Volume: $6.12M
7-day Gain: -33.14%

IMPT

As is true of good cryptos, IMPT has started with a token presale. This exercise was begun in early October and more than 5 million USD has already been realized. The first phase of the presale exercise is being finalized, and a coin is worth around $0.018. Based on the announcement on the presale webpage, the coin price is projected to reach $0.023 in the second stage.