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- HOLO price declined to a 52-week low acting as a reliable support before recovering slightly.
- The next round level of $0.20 was seen in January as a supply zone.
- Trading volume appears neutral at $14.1 million as per overnight data.
Holo price has been trading lower so far after slipping less than 1 percent. Heavy selling pressure in the crypto market has resulted in huge losses for investors in the past few months. As of now, the crypto market is trading at a two-year low, with some potential entry for new investments in 2023.
Crypto investors are troubled by the low liquidity in the market, thus, Holo (HOT) token price appears sideways in a higher time frame, but in a shorter time frame, the bulls attempt a quick recovery. This crypto winter has led most cryptocurrencies towards yearly lows, therefore, HOLO token registered a yearly bottom at $0.00139 – the critical demand zone.
Over the daily price chart, Holo token price is gradually increasing higher this week. Buyers have registered six daily greed candles but they are exhausted today. As a result, HOLO token is trading lower by 0.75% when it present at $0.001463 at the time of writing. Furthermore, HOLO token concerning the bitcoin pair is down 0.35% at 0.0000000872 Satoshis.
Market capitalization constantly decreasing down and it reported at $254.07 million as per last 24 hours data of CMC. Meanwhile trading volume looks low and it is neutral at $14.1 million as per overnight data.
On the daily price chart, HOLO token price is successfully standing above the mid-band of the Bollinger Bands indicator. The monthly recovery shows more upside scope on the charts till the next resistance level of $0.0020. Similarly, the RSI indicator reaches the 50 mark after dipping into the oversold zone.
Conclusion
Buyers should be patient for a quick price recovery in the HOLO (HOT) price trend. As of now, the bears are ignoring the selling but have not left the market yet.
Support level – $0.00135 and $0.0010
Resistance level – $0.0020 and $0.0030
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.