HOLO Price Prediction Today: Daily (HOT) Value Forecast – July 29
- The short and medium-term outlook is in a bearish trend.
- Responsible selling recommended.
HOT/USD Medium-term Trend: Bearish
Supply zone: $0.004000, $0.006000, $0.008000
Demand zone: $0.001000, $0.000900, $0.000800
HOLO is in a bearish trend in the medium-term outlook. The bears retain dominance in the market at the beginning of another trading week with $0.001002 as yesterday low of the day. Today market opened on a bullish note at $0.001144. The coin had a brief rally as price rises to $0.001167 in the supply area.
The bearish momentum may be sustained due to the pressure from the bounce of the trendline. With price below the two EMAs currently at $0.001029 in the demand area. A new low is imminent before the end of today session.
The stochastic oscillator signal points down at 22% suggesting downward momentum in price.
HOT/USD Short-term Trend: Bearish
The cryptocurrency is in a downtrend in the short-term outlook. $0.001150 in the supply area is key resistance. Price rejection occurred in this area over the last two days. The bullish momentum as the market opens today at $0.001046 was lost at $0.001167 in the supply area before the bears took over the control of the market.
Price is above the two EMAs but the stochastic oscillator signal points down at 32% suggesting divergence. This implies that the downward momentum may return in as more traders are in the sell position as suggested by the stochastic oscillator.
Live Holo (HOT) Price:
1 HOT/USD =$0.0108 change ~ -3.35%
The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.