HOLO Price Prediction Today: Daily (HOT) Value Forecast – July 3
- The short-term is bearish while the medium-term outlook is in a range-bound market.
- Traders should be patient 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 is in a range-bound market in the medium-term outlook. $0.001973 was the high while $0.001634 was the low within the range during yesterday session. The bears dominated the range right from the opening of the market.
Today’s 4-hour opening candle at $0.001732 sustained the bearish momentum with a further drop in price to $0.001624 before momentum loss as the bulls made a gradual returned.
Price is up above the two EMAs at $0.001826 and the stochastic oscillator signal is undefined at 24% an indication of the ranging scenario in the medium-term.
$0.002100 is the upper supply area while $0.001600 is the lower demand area of the range. Patients 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: Bearish
The cryptocurrency is in a bearish trend in the short-term outlook. The coin is in a descending channel as the bears push price down the lower line of the channel. The bulls had a brief hold of the market as it opens today at $0.001727.
HOTUSD rose to $0.001899 around the upper line of the channel but closed with the wick as an inverted hammer. This suggests bears returned as price drops to $0.001650.
Price is back at the upper line and a bounce to the downside is most expedited as the bears stage a return.
$0.001400 in the demand area is the bears' initial target as the bears build up pressure for the journey down south in the short-term.
Live Holo (HOT) Price:
1 HOT/USD =$0.0028 change ~ -12.05%
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