10 June 2023 : In this article we will walk you through Holo price analysis for today or for next week and try to answer these frequently asked questions (FAQs), what is short term price prediction for Holo, Is HOT a good investment? Holo support & resistance levels etc. But before diving deep into the HOT technical analysis, let us talk about the current market conditions.
Over the last twenty-four hours, there was a down fall of -1.84 percent, bringing the entire cryptocurrency market to $1,043,294,065,354. The total trading volume stands at $48,514,447,582. Bitcoin shares 47.72 percent of the entrie market while Ethereum has a dominance of 16.33%.
which resulted in Bitcoin's price dropping down to $25,668.83 level after a decline of -3.87%. A number of alternative cryptocurrencies, like ETHEREUM has seen a price decrease of -5.87 percent reaching to $1,744.32 during the previous 24 hours.
While publishing this blog, BNB traded at $236.60, following a price change of -10.19%within the same time frame. XRP the native coin of XRP is down by -9.12 and currently trading at $0.49. Additionally, Cocos-BCX reached $0.60 after seeing a decline of -0.77% in value.
These events indicate that the market is heading in a downward direction for short term. At this moment, a general negative dip can being seen throughout the crypto market.
Support and resistance are important technical indicators used to identify key price levels where the trend can change direction. Support is a level at which buyers become more active and stop the coin's price from falling any further. Similartly, Resistance is a level at which sellers become move active and stop the coin's price from moving higher.
Following are the support and resistance levels of Holo (HOT)
|HOT Resistance Levels||HOT Support Levels|
|Resistance Level 1||$0.002||Support Level 1||$0.002|
|Resistance Level 2||$0.002||Support Level 2||$0.002|
|Resistance Level 3||$0.002||Support Level 3||$0.002|
The price of Holo (HOT) is at $0.002, up 25.79% in the past 24-hours and has a price change of 27.03% over the week. One day trading volume for BTC is 245,634,274.00 USD while total marketcap reached $394,030,802.00 USD. There are almost 173,342,974,127 are in circulation out of 177619433541.
HOT price analysis for 10 June 2023 within a daily time frame explained below. we use Relative Strength Index(RSI), Moving Average Convergence and Divergence (MACD), Support levels, Resistance levels, different time period moving averages including Simple Moving Average (SMA) and Exponential Moving Average (EMA) to analyze the future movement of the Holo.
|Simple Moving Average (10)||0.002||Buy|
|Exponential Moving Average (10)||0.002||Buy|
|Simple Moving Average (20)||0.002||Buy|
|Exponential Moving Average (20)||0.002||Buy|
|Simple Moving Average (50)||0.002||Buy|
|Exponential Moving Average (50)||0.002||Buy|
The MACD line is standing below of the signal line after a crossover. Holo investors need to wait for any directional change over the daily chart. The relative Strength Index (RSI) indicates that the HOT coin is near oversold zone, as RSI is at 38. While HOT’s Williams %R indicator is at -52.676 for the 14-day time period indicating a neutral condition.A trade signal is possible at this range.
As of now, Holo is doing well and is attempting to break out of the reddish zone. In order to invest in the digital currency, crypto investors want to see the HOT move into the positive zone. As far as we can tell, Holo is on its way up. In 2022 and beyond, the Holo price has a significant likelihood of rising. It's important that you do your own research before making a decision on whether or not this is a smart investment for you.