Holo (HOT) What Does the Chart Say Saturday?

Saturday, March 26, 2022 06:32 PM | InvestorsObserver Analysts

InvestorsObserver gives Holo a strong short-term technical score of 72 from its analysis. The proprietary scoring system considers the token's trading history over the past month to determine the strength of its short-term technicals. HOT has currently traded better than 72% of tokens based on these metrics. Investors focused on healthy recent trading patterns should find the short-term technical ranking system more relevant when making investment decisions.

InvestorsObserver is giving Holo a 72 Short-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 is $0.001522 (41.96%) higher than its 30-day low price of $0.003626610 while also -$0.000274 (-5.06%) lower than its high of $0.00542264 from the past month of trading. Meanwhile, HOT's current price of $0.005148286 is above its average price of $0.004279358 set over the past month of trading, leading to a strong short-term technical score. In summation, the recent trading history of Holo suggest that traders are currently bullish on the token. HOT has a relatively average market cap for a token with a total market value of $892,145,983.89. The market valuation for Holo is relatively average due to the largest 100 cryptos having a market cap above $1 billion and HOT sits underneath that mark but remains above $100 million in market capilization. Holo's average volume meanwhile is average with $335,352,119.89 worth of the token traded over a typical 24 hour period. The volume for HOT is relatively average as the most traded 100 cryptos have roughly $100 million worth of the crypto exchanged over a 24 hour period and a large portion of the market trades at least $5 million worth each day. As of the past 24 hours, HOT's volume is below its average with $52,088,902.97 exchanged. Holo'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

HOT's recent trading over the past month give it a strong short-term technical score as its recent price movement give traders reason to be more bullish on the token in the short-term. Click Here to get the full Report on Holo (HOT).