HOLO Price Prediction Today: Daily (HOT) Value Forecast – June 5
- The short-term outlook is in bearish trend while the medium-term outlook is in a range-bound market.
- Patience should be exercise 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 bearish railroad formation during yesterday session signaled the bears returned. This led to the break at the lower demand area of the range.
$0.001725 was the low of yesterday session with a bullish hammer formation suggesting the bulls are back.
Today’s 4-hour candle at $0.001846 was bullish spinning top thus confirming the bulls takeover. Price rose to $0.002030 in the supply area as the cryptocurrency returns within the range.
Price is above 10-EMA and the stochastic oscillator signal points up at 29% suggesting upward price movement within the range.
HOTUSD is in consolidation 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: Bearish
The cryptocurrency is in a bearish trend in the short-term outlook. The lower demand area at $0.002030 was broken on 4th June with a large bearish candle.
HOTUSD dropped to $0.001725 in the demand area.
The journey down south is just beginning and $0.001600 in the demand area may be tested due to resistance at the broken demand area now support area.
Live Holo (HOT) Price:
1 HOT/USD =$0.0082 change ~ 0.35%
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