According to the scientific research on the price of the hot pen token (HT) on the daily price chart, the price of digital currency has increased significantly in the past 24 hours. Since October 10, 2022, the duopoly has always dominated and controlled the market.

On October 8, Huobi Global, the main shareholder of About Capital Management Fund, announced that it had sold all its shares in the enterprise previously held. In fact, Justin Sun is an important investor in the Fund. On Justin Sun's official social network platform, he announced that Hobby had hired him as a consultant worldwide. This has also led to a strong demand for hot pen tokens.

At the time of writing this article, the trading volume of Firepen against the U.S. dollar rose by 5.73%, and the company's valuation was 4.48 dollars. The total market value increased by 7.84% to $684453680, while the one-day trading volume increased to $19403259. These two factors contributed to the price increase.

According to the performance indicators in the one hour, four hour and daily data charts, Shuangtou has already controlled the market, and they are biased towards the northern region.

In the 24-hour price chart, the Bollinger line index has risen sharply, indicating the market fluctuation and the end of the current market. The segment touches 4.6767 and 3.9647, which are the frictional resistance of the market and the market support.

The MACD cable has crossed over the power cable, which indicates that the duopoly has manipulated the market and the upward momentum has increased. MACD cable is located at -0.1019, while power cable is located at -0.1148.

In the past 24 hours, the relative intensity index (RSI) has been soaring, which is 52.08 at this stage. This shows that the market is facing great pressure in purchasing. The growth trend of RSI shows that the market is developing and improving, and inflation is increasing.

When the 20 day moving average system turns over the 50 day moving average system, gold cross design appears in the price chart. The average price for 20 days is $4.2275, and the average price for 50 days is $4.0647. The gold cross design shows that the bull market is coming, and it has been promoted due to the high turnover, as shown by the Hobby Token (HT).

At the time of writing, the Stoch RSI line was 68.53, very close to the overbought area. Too much shopping only informs the traders that RSI is close to the extreme of its recent coefficient, which does not always mean that the price will decline.

In general, the two sides have been trying to maintain the upward momentum, and maintain the upward momentum while trying to maintain the price fluctuation.

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