Holo Prediction Today, November 29, 2022: HOT/USD Is Consolidating

The Holo market lacks volatility, and at the same time, it is losing strength too easily. Presently, this market is losing a considerable part of its gathered profits. Let’s move to get a close-up view of things to know where the market may head shortly.

Holo Analysis Statistics Data:
HOT value now: $0.00157
HOT market cap: $281.61 million
Holo moving supply: 173.34 billion
Holo Total Supply: 177.62 billion
HOT Coinmarketcap ranking: #100

Important price Levels:
Resistance: $0.00177, $0.00187, $0.00207
Support: $0.00157, $0.00137, $0.00117

Holo Prediction Today November 29, 2022: HOT/USD May Move Downwards from Here

HOT/USD has so far respected the price level of $0.00137, as price action reverses each time this level is tested. Before now price action in this market has managed to pick up minimal profits towards $0.00165. However, selling appears to have resumed, and this has caused Holo’s price to decline toward the $0.00155 price level. It is crucial to note  that the RSI indicator has reached the overbought even at this point. Also, the current price level isn’t very far below the EMA curve. This implies that with a little more effort from the bulls price may increase further.

Holo  Prediction Today November 29, 2022: HOT/USD Price May Be retracing Lower

On the HOT/USD four hours price level $0.00158 seems to be very resistant. This is because price action hasn’t been able to break upwards this resistance, even after it has been tested. Also, the latest price candle indicates a price falloff from the earlier-mentioned resistance. Furthermore, the Stochastic RSI curves are still pointing in the upside direction. Generally, this indicates that buyers may be more than sellers. Consequently, price action may resume its upward path. Therefore, if buyers can mount a bit more upside pressure price may rise further above the $0.00165 level. Otherwise, Holo’s price may fall toward the $0.00140 level.

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