- Holo Coin (HOT) is currently trading at $0.0014072 with a decline of 0.89% in the 24 hours.
- The Holo Coin price is observing an increase of 7.16% in the last 7 days.
- The HOT market capitalization is $248314445.
Trend Evaluation
By evaluating the price data of the HOT coin, it is observed that it is in a downtrend. The price inclined by 7.16% in the last seven days and we can say that Holo Coin performed well last week. From its peak price of $0.03126682, it fell -95.52% in the last 2 years. The coin demolished the major investor’s wealth. The current market views are not so good about the coin. No volume is present in the Holo Coin. As of now, there is no buyer interested in buying Holo Coin. There is bearish dominance in the market.
Holo Coin (HOT) Technical Analysis
The price of Holo Coin (HOT) has slipped below 50 and 200 EMA, which suggests that the price is in a bearish trend. If the sellers continue to push the price down, the coin’s value may fall even further in the upcoming week. The bears are not in the mood to give power to bulls.
The technical indicator MACD is also in negative territory. The MACD line at -0.00003021 and signal line at -0.00005392 is below the zero line, suggesting that the MACD is in negative territory and is giving bearish signals.
The current value of RSI is 47.84 points. The 14 SMA line is currently below the median line, around 39.56 points which show bearish sentiment in the market. The bearish trend is indicated by the 14-day SMA line below the median line. As the price is in oversold territory, the market is experiencing bearish sentiment.
Trendline Analysis: The price has respected its significant trendline support, and is heading for resistance. As soon as the price breaks the trendline, it will rise to the next resistance and if it gets rejected by the resistance, then it will fall back to the current support.
Volume Analysis: Holo Coin (HOT)’s trading volume of 24 hours is $6942657, with an 11.80% decrease in volume in the last 24 hours. A significant decline in the volume of the Holo.
Summary
Holo Coin (HOT) is facing a tough time in the market. The price action suggests that the price may fall more in the upcoming days if it broke its primary trendline support level. HOT price shows a pessimistic situation at the moment. Major reliable indicators like EMA, RSI, and MACD give negative signals about Holo Coin. Fear is prevalent among investors because of the adverse performance of the coin. Holo Coin is not showing any recovery signs right now.
Technical Levels:
- Support – The current support level of HOT is $0.001
- Resistance –The current resistance level of HOT is $0.002.
Disclaimer
The analysis given in this article is for informational and educational use only. Do not take this information as financial or trading advice. Trading and investing contain financial risk. Before making any investment or trading decision, please consider your risk profile and circumstances.