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 =$0.0026 change ~ -6.82%

Coin Market Cap

$441.1 Million

24 Hour Volume

$17.34 Million

24 Hour VWAP

$0

24 Hour Change

$0.00

 

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

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