HOLO Price Prediction Today: Daily (HOT) Value Forecast – July 1
- The short-term is in the uptrend while the medium-term outlook is in a range-bound market.
- Patience is required while trading the consolidation.
HOT/USD Medium-term Trend: Ranging
Supply zone: $0.004000, $0.006000, $0.008000
Demand zone: $0.001400, $0.001200, $0.001000
HOLO continues in a range-bound market in the medium-term outlook. The bears had a brief control of the market over the weekend with a breakdown at $0.001600 in the lower demand area of the range.
HOTUSD dropped to $0.001486 as the momentum for a further downward movement was lost with wicks in the candles as a sign of bearish exhaustion.
The bulls gradually took control of the market with price back within the range. Increased bullish momentum led to the breakout at$0.002100 in the upper supply area and HOTUSD rose to $0.002170.
Price is back within the range with today’s session starting on a bullish note at $0.001993. The stochastic oscillator signal points up at 78% an indication of upward momentum in price in the medium-term.
$0.002100 is the upper supply area while $0.001600 is the lower demand area of the range. Patience should be exercised for a breakout at the upper area or a break down at the lower area with a retest before a position is taken.
HOT/USD Short-term Trend: Bullish
The cryptocurrency is in a bullish trend in the short-term outlook. The formation of inverted pinbar at the $0.001657 in the demand area towards the end of yesterday session suggests a trend reversal.
The breakout at the EMAs crossover confirmed the bulls market dominance with HOTUSD up at initially at $0.001964 and later at $0.002170 in the supply area.
The drawdown to $0.001803 in the demand area was a correction with the 10-EMA acting as support. The bulls sustained the momentum as the market opens today at $0.001993.
The signal of the stochastic oscillator is up at 84% and price is above the two EMAs. These indicate an upward momentum in price in the short-term. $0.002200 in the supply area is the bulls initial target.
Live Holo (HOT) Price:
1 HOT/USD =$0.0155 change ~ 3.12%
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