- Holo price is currently in a downtrend with a loss of 0.8% in the intraday session. It has also given a negative crossover on the Moving average.
- HOT token price suggests a downtrend for the upcoming days. Meanwhile, it has been up by more than 3270% within a span of a year.
Why Invest In HOT Token?
The HOT token has been a peer-to-peer distributed platform used for hosting decentralized applications built on the Holo framework. It is a framework for developing DApps that do not require the use of blockchain technology.
HOLO was launched by Arthur Brock and Eric Harris-Braun in 2016. The framework for the project is still in the development phase and is expected to launch by the end of this year. It is designed to act as a midway road between Holochain, which represents the world of crypto technology, and everyday users of crypto. HOT token price is currently in a downtrend but can soon reverse its trend.
HOLO token price has seen a significant jump from the start of the year and has filled the investor’s pocket with huge returns. HOLO has an ROI of 907% which has remained a selling point to the investors.
Technical Indicators Hints At The Continuation Of Downtrend For HOT Token Price
On the weekly chart, Holo price is showing a bearish momentum of greater strength. The price momentum on the daily chart is hinting towards a downtrend. In contrast, on the upper side, the coin can face resistance near the value of $0.015. The support for the price on the downside can be observed near $0.0023. It is currently trading below the 50 and 100 Daily Moving Average. There is a negative crossover on the moving average which can push the price further below. The 50MA (RED) line is near the $0.011, making it temporary resistance to the asset price. In the shorter time frame, there is a small accumulation zone in the chart. If the price makes a jump 15% above the zone then a strong bullish can be expected. One can expect the same momentum in the HOT/BTC pair.
Conclusion
HOT token price has given some huge returns to its investors in the past and can do the same in the future. HOLO price is up by more than 3500% from last year. HOT/BTC pair can also see a breakout from its previous resistance. An Investor should do their due diligence before investing.
Technical Levels
Major Support:$0.0023
Major Resistance:$0.015