- In the last 30 days, the Holo crypto has given a return of more than 35%.
- The HOT crypto is trading with flat volumes followed by the last 24 hours.
Holo (HOT) is an ERC20 utility token within the Holochain ecosystem, facilitating transactions for decentralized applications (dApps). Holochain, distinct from traditional blockchains, employs a distributed hash table for scalability.
HOT tokens compensate hosts providing storage and processing power, creating a self-sustaining ecosystem. Holochain was founded by Arthur Brock and Eric Harris-Braun, pioneers of the MetaCurrency Project.
The market cap ranking of the Holo crypto is #129 as per CoinMarketCap. Moreover, the market cap of the Holo crypto has advanced by 4.22% in the last 24 hours, resulting in $362.635M.
The HOT crypto has witnessed an advance of 1.13% in its trading volume in the last 24 hours. The circulating supply of the crypto is 172.565M HOT, the total supply is 177.619M, and the max supply of the crypto is infinite.
The fully diluted market cap of the Holo token is $373.594M. Also, the current market cap dominance of the crypto is 0.022%. The volume/market cap ratio of the crypto is 0.0505.
Holo Crypto Derivatives Analysis
The HOT crypto derivatives have witnessed a slightly higher short liquidation of $1.80K. Moreover, the open interest of the crypto has advanced by 5.6% in the last 24 hours. The long/short ratio of the crypto is 1.0227 in the last 24 hours.
HOT Crypto Technical Analysis
The HOT crypto lost its value by more than 90% in the last few years. After this decline in crypto, its price formed a falling wedge pattern on weekly charts. Besides, the crypto has also broken out above the same pattern.
HOT/USD Chart by TradingView
The HOT crypto price is following a bullish signal of the supertrend indicator and trading above the 50-day and the 200-day EMAs. The EMAs are also following the golden crossover on the charts. This behavior of the indicators and the price shows buyers’ presence in the crypto.
Trading above the zero level the MACD and the signal line have formed a death cross, which indicates the possibility of retracement in the crypto price.
Conclusion
The HOT crypto has broken above the falling wedge pattern and the supertrend is also giving by signal on the charts. Despite this, the trading volume of the crypto is trading is flat but the market cap is showing good advance. Therefore, we might get to see higher prices of the HOT crypto in the future.
Technical Levels
- Support levels- $0.00100 and $0.00120
- Resistance levels- $0.00370 and $0.0070
Disclaimer
The views and opinions stated by the author or any other person named in this article, are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto or stocks comes with a risk of financial loss.