HOLO Price Prediction Today: Daily (HOT) Value Forecast – June 3
- The short and medium-term outlook is in a range-bound market.
- Patience is required at this period.
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. The bears took control within the range after the formation of a double top when price was up $0.002382 in supply area during yesterday session.
The two EMAs were broken as price dropped to $0.002159 in the demand area before the end of the session.
Today’s 4-hour candle at $0.002272 was bearish as the bears mount strong pressure within the market. The cryptocurrency was down to $0.002007 in the demand area within the range as shortly after opening.
Price is below the two EMAs and the stochastic oscillator signal points down at 16% in the oversold region an indication of continued downward momentum within the range in the medium-term.
HOTUSD is raging and trading between $0.002500 in the upper supply area and at $0.001900 in the lower demand area of the range. A breakout at the upper supply area or breakdown at the lower area may occur hence patience is required to allow this to happen before a position is taken.
HOT/USD Short-term Trend: Ranging
The cryptocurrency is consolidation in the short-term outlook. The bears are in control of the range with price pushed down to $0.002007 in the lower demand area of the range twice today.
Although the bulls manage a minor push back up at $0.002215 in the supply area but were rejected by the 50-EMA.
Price is below the two EMAs and the stochastic oscillator signal points down at 42% which suggest downward pressure within the range.
$0.002402 is the upper supply area while $0.002030 is the lower demand area of the range, traders should wait for price to breakout from the upper area or breakdown at the lower demand area with a retest before taking a position.
Live Holo (HOT) Price:
1 HOT/USD =$0.0145 change ~ -4.83%
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