Holo Price Analysis: HOT Plunge -2.1%, How Low Will It Drop?


  • Current Holo Price is 0.002 dollars
  • HOT faces medium-term resistance at $0.002.
  • HOT/USD pair trading below EMA(20).
  • HOT down approximately -2.1% within the last 24 hours.

07 December 2022 : 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.

Market Analysis

Over the last twenty-four hours, there was a down fall of -1.84 percent, bringing the entire cryptocurrency market to $840,127,025,119. The total trading volume stands at $38,477,116,313. Bitcoin shares 38.53 percent of the entrie market while Ethereum has a dominance of 16.33%.
which resulted in Bitcoin's price dropping down to $16,835.87 level after a decline of -0.92%. A number of alternative cryptocurrencies, like ETHEREUM has seen a price decrease of -1.96 percent reaching to $1,230.63 during the previous 24 hours.
While publishing this blog, BNB traded at $283.88, following a price change of -1.74%within the same time frame. XRP the native coin of XRP is down by -1.78 and currently trading at $0.38. Additionally, Dogecoin reached $0.095 after seeing a decline of -4.06% 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.

Holo Support and Resistance

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

Holo Performance

The price of Holo (HOT) is at $0.002, down -2.1% in the past 24-hours and has a price change of 1.4% over the week. One day trading volume for BTC is 45,666,078.00 USD while total marketcap reached $290,628,996.00 USD. There are almost 173,342,974,127 are in circulation out of 177619433541.

Holo Price Analysis

HOT price analysis for 07 December 2022 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.

Moving Averages Price Indicator
Simple Moving Average (10) 0.002 Sell
Exponential Moving Average (10) 0.002 Sell
Simple Moving Average (20) 0.002 Sell
Exponential Moving Average (20) 0.002 Sell
Simple Moving Average (50) 0.002 Sell
Exponential Moving Average (50) 0.002 Sell

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 coin is going down as it break below two crucial support levels of $0.002 and $0.002. The market is not suitable for bulls and bears might take HOT towards the next support at $0.002. 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.

Conclusions

Holo has few recovery chances and might continue testing immediate resistance level of $0.002 in the coming days. While the gradual bullish movement in the overall cryptocurrency space can keep HOT investors hopeful.