- HOLO token price breaks above the resistance level of the $0.012 mark.
- The token price trades above all the significant Daily EMAs.
- The HOLO/BTC is trading at 0.0000002464 BTC, with an intraday gain of +4.07%.
HOLO token price enters a bullish stage after finding demand near the 20-days EMA, restarting the uptrend. The token price gained more than 30% in the past week and now breaks above the $0.012 horizontal resistance level.
HOLO Token is trading at $0.01242 with a gain of +5.85% in the last 24-hour. Additionally, with the increase in the buying pressure, the intraday trading volume of the token has increased by 47.65%.
The price action indicates that the bulls are overpowering bears, with the recently made strong bullish engulfing candlesticks with tremendous buying volume.
HOLO Token’s 4-Hour Chart
HOLO token price encounters opposition from a substantial pivot level at the $0.0133 mark, which may temporarily result in a short-term pullback to 20-period EMA. However, investors hoping for a bullish entry spot might observe the dip at 20 EMA fruitful with low risk.
The price action analysis shows that the support level is $0.010 and $0.0080 and the resistance level at $0.012 or $0.015. The breakout of the resistance level brings hope to HOLO investors and an opportunity for new investors to retest.
All the major EMAs were crossed recently by the price. Therefore, investors may see the price sustaining above the EMA as a positive sign, as the daily scenario is bullish.
The relative strength indicator (BULLISH) indicates a bullish signal in the token as the slope of RSI approaches the oversold zone.
ADX indicator is moving higher, indicating a rise in trend momentum.
Conclusion – The breakout of the resistance level with the probability of a bull run carries a ton load of buyers. The expansion in buying volume simultaneously with the bullish momentum of RSI can drive the price higher. Nevertheless, early-maturing investors/traders must remain patient till a breakout retest transpires.
Resistance: $0.012 and $0.015
Support: $0.010 and $0.0080