Bears are causing serious upset to the HOT/USDT market. Holo has been claiming some moderate gains on a long-term basis, from around the 27th of last month. However, recently the market took a different turn about 3-4 days ago as the bears suddenly overpowered the bull. Subsequently, this caused a downward correction in the value of HOLO/USD. Nevertheless, let us examine this market more closely.
HOLO Analysis Statistics Data:
HOLO Current Price: $0.002025
HOLO Market Capitalization: $385.8 million
HOLO Systemic Supply: 173.34 billion
HOLO Overall Supply: 177.62 billion
HOLO Coinmarketcap Position: #93
Crucial Price Levels:
Top Levels: $0.002025, $0.002160, $0.002350
Bottom Levels: $0.002220, $0.002151, $0.002020
Bears Are Pulling Down HOT/USDT, Buy Tamadoge Today
The HOT/USDT chart portrays that the seller took control of the price action and drove it to their side of the market. Nevertheless, there is a sign that buyers are kind of regaining their stand in this market. The mentioned sign is portrayed on the Stochastic RSI Indicator. This indicator has got its faster curve turning towards the slower one, in an attempt to touch and cross each other. Given the fact that the oversold region has been reached, a cross here will eventually result in an uptrend. Consequently, this will cause the price of this Holo to increase, as buyers will have taken control of the price action. At this point, the price of this crypto may retrace up to around $0.002456 should a strong correction occur.
Holo Price Analysis: HOT/USDT Attempting an Upward Value Retracement
There are signs of serious struggles between the buyers and sellers on the HOT/USDT price chart. Furthermore, we can see the appearance of three bullish candles with tiny bodies. Also, The last candle here (Doji) indicates that buyers and sellers are equally matched and locked in a fierce struggle. Eventually, the bulls managed to win the struggle, this advanced the price of Holo a bit upwards.
Your capital is at risk.
The SRSI curves have crossed each other and are now rising steadily upwards and out. Consequently, this may be pointing to a bigger price event. Should the price rise from here uninterrupted HOT/USDT may find resistance around $0.002500. Therefore traders in this market may place a pending entry order around $0.002250.
To contribute to the Tamadoge fundraise, interested parties will need to connect with their crypto wallets, such as MetaMask or Trust Wallet, at buy.tamadoge.io. The TAMA token can be bought with USDT or ETH. Tamadoge runs on the Ethereum blockchain, the No.1 decentralised application computing platform.
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Source: https://insidebitcoins.com/news/hot-is-falling-to-lower-support-buy-tama-and-buy-long