HOT/USD market is generally ranging side. However, at this point, we may witness a significant downward move in this market according to trading indicators.
Holo Speculation Statistics Data:
Holo’s current price: $0.002003
HOT’s market cap: $352.84 billion
Holo’s circulating supply: 173.34 billion
HOT’s total supply: 177.62 billion
HOT’s Coinmarketcap ranking: #97
Important Value Marks:
Top Levels: $0.002033, $0.002065, $0.002100
Bottom Levels: $0.002003, $0.001980, $0.1950
Holo Price Analysis: HOT May Have Started a Significant Downward Correction
The HOT/USD daily trading chart reveals that price action may have started a significant downside move. The Exponential Moving Averages are now above the price candles, thereby indicating a downtrend. Furthermore, the latest price candle for the session under consideration is still bearish in form. There are two possibilities here, if Buyers eventually win the session, the price may pull back above the EMA lines. However, the downward correction may progress, if the sellers eventually win. Favoring the possibility of a downtrend is the fact that the MACD lines stay under the 0.00 mark, even when the green histogram grows on the positive side. This implies that there is little Upside momentum in this market and as such, we may not witness a significant price increase. Traders can anticipate the price reaching near $0.002100.
Holo Price Analysis: HOT/USD Is Gaining Minimal Upward Momentum
Looking at the HOT/USD 4-hour chart, we can perceive that price action is gaining minimal upward momentum. It could be noticed that the last four candles that represent the past trading sessions were all bullish in appearance. Furthermore, the current session too is progressing already in favor of the bulls. However, we can observe that the MACD lines are below the 0.00 Mark but now shaping to portray the appearance of the bullish candles.
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Interestingly, there hasn’t been any growth of green candles histogram above the 0.00 markof the MACD. Consequently, this may be portraying that the bears aren’t out yet and may still cause some damage. Therefore, traders can place a pending buy order around $0.002020 as the Holo price may reach $0.002100.
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