Holo price analysis: Sellers are feeling under the weather, as HOT token reclaims over 10% cost 

• Holo (HOT) token corrected slightly while retesting the most recent bullish barrier on the daily chart.
• After continuing two bearish weekends, HOT investors were relieved this week with gains of over 8%.
• Stoch RSI is on course to move into oversold territory soon.

Holo (HOT) Token Begins To Move Up As Market Leader – Bitcoin Maintains $20K Zone. This bullish momentum occurs after noticing the inside candle on Sunday, since then the bulls continue to buy each short drop on the lower time frame as well as the higher time frame.

Buyers were so aggressive to buy last night, meanwhile, the price of HOT token broke the previous swing high of $0.00234 mark but the bulls failed to manage this higher zone.

Thus, Holo (HOT) token is facing a minor retracement phase in the intraday trading session while trading at the $0.0022 mark at press time.

HOLO speculators saw a range-bound market between $0.0023 and $0.0030 and resistance levels for over 2 weeks before recording the latest 52-week low. Now again Altcoin price is going to see the upcoming trading sessions in range-bound phase against USDT.

Meanwhile, the market cap of the HOT token rose 4% to $381 million, according to data from CMC over the past 24 hours. Furthermore, the price of the HOT token pairing with bitcoin is up 5.4% in the green zone at 0.0000001075 satoshis.

The trading volume also increased gradually for the past 7-days, suggesting the bulls’ accumulation. In addition, trading volume hiked by 66% over the last night. 

Buyers became crazy for buying near support zone

The lower range of the Bollinger Bands is acting as an important support area for the bulls, meanwhile, there is a chance for a trend reversal near this zone for the bulls. Similarly, the bulls changed a bearish trend near the support level and now HOT token is struggling to manage a move above its semi-line (20 Days MA) on the daily price chart.

Also, the Stoch RSI is about to enter oversold territory soon, which is showing a bullish momentum in the ongoing price momentum of the HOT token.

Conclusion

Holo (HOT) token is in a bullish phase while it is struggling for a more bullish move near the resistance areas. If the bulls reclaim their bullish barriers, a bullish rally can be expected from the current levels to the $0.0030 mark.

Support level – $0.0018 and $0.0055

Resistance level – $0.0030and $0.0050

Disclaimer 

The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.

Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.

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