- 1 The Holo crypto has gained more than 43.34% in the past 30 days.
- 2 The HOT crypto has been trading with stable volumes over the last 3 months.
Holo (HOT) is an ERC20 token that enables transactions for decentralized applications (dApps) in the Holochain ecosystem. Holochain uses a different approach from traditional blockchains, relying on a distributed hash table for scalability.
HOT tokens reward hosts who offer storage and computing power, creating a self-reliant ecosystem. Holochain was created by Arthur Brock and Eric Harris-Braun, who are the founders of the MetaCurrency Project.
The market cap of the Holo crypto has fallen by 3.03% in the last 24 hours, reaching $12.391 Million. The Holo token has a fully diluted market cap of $383.889 Million.
The HOT crypto has seen a fall of 18.86% in its trading volume in the last 24 hours. The crypto has a circulating supply of 172.566B HOT, a total supply of 177.619 Million, and an unlimited max supply.
Source: TradingView
The HOT crypto has lost more than 90% of its value in the last few years. After this drop in crypto, its price formed a falling wedge pattern on weekly charts. Crypto has also broken out of this pattern.
However, as buying volume increases, the price can create higher highs and new highs to maintain bullish momentum. Therefore, the HOLO price is expected to move higher and remain strong on the daily chart.
The oscillator indicates that the current price is overbought. Investors are optimistic about next week’s results. The price of the HOLO cryptocurrency has risen slightly by about 3.00% over the past week and rose by 43% over the past month.
The HOT crypto price is following a bullish signal of the super trend indicator and trading above the 50-day and the 200-day EMAs. The EMAs have also formed a golden crossover on the chart. This shows that the crypto has buyers’ support.
Trading above the zero level, the MACD and the signal line have formed a death cross, which suggests a possible pullback in the crypto price.
The HOT crypto has broken out of the falling wedge pattern and the supertrend is also giving a buy signal on the chart. However, the trading volume of the crypto is growing steadily. Therefore, we might expect higher prices of the HOT crypto in the future.
Conclusion
Technical oscillator HOLO (USD: HOT) also supports the bullish trend. MACD, RSI, and EMAs highlight positive signals, suggesting that the upward trend in the price of the HOT cryptocurrency may continue. Price action suggests that investors and traders are optimistic on a daily basis,
Technical Levels
Support levels- $0.0018295 and $0.0016238
Resistance levels- $0.0024000 and $0.002600
Disclaimer
The views and opinions expressed by the author or any other person mentioned in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto involves a risk of financial loss.
Ritika Sharma
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
