Holo (HOT): How Does the Chart Look Monday?

Monday, May 02, 2022 01:53 PM | InvestorsObserver Analysts

Holo receives an average long-term technical score of 48 from InvestorsObserver's research based on historical trading patterns. The proprietary scoring system weighs price movement from recent months to a year, analyzes the token's support and resistance levels, and where it is relative to long-term averages to determine whether it's a strong buy-and-hold investment opportunity. HOT currently holds a superior long-term technical analysis score than 48% of cryptos in circulation. This ranking metric is most useful to buy-and-hold type investors looking for strong steady growth when allocating their assets. tokens with a high long and short-term technical score can help indicate assets that have bottomed out, providing investors a chance to 'buy the dip'.

InvestorsObserver is giving Holo a 48 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Holo!

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Trading Analysis

Holo's price is -$0.0008781 (-18.21%) below its 100-day moving average price of $0.004822735 as its price at the moment sits at $0.003944587. Additionally, HOT is $0.0003180 (-303204.76%) higher than its 52-week low price of $0.003626610 while -$0.01293184 (-59230.89%) under its 52-week high of $0.016876424. The current trading price in relation to its long-term average along with its 52-week high and low, gives HOT an average long-term technical score of 48. Long-term trading movement of Holo suggest that investors are bearish on the token at the moment. Holo currently has a total market cap of $683,618,345.81 to go along with its average daily volume of $383,681,462.61 worth of the currency over the past seven days. HOT's volume is below its seven day average as of the past 24 hours, with 40,436,256.24 exchanged in that period. This token's subclass Distributed Computing: While all blockchain technology is a form of distributed computing, projects in this category typically give access to a set of distributed computing resources.

Summary

Trading patterns over the last year for Holo leads to the token's an average long-term technical score of 48 as its consistency, volatility, and relation to long-term averages has given investors reason to be bearish on the token. Click Here to get the full Report on Holo (HOT).