Holo (HOT) What Does the Chart Say Tuesday?

Tuesday, July 19, 2022 06:19 AM | InvestorsObserver Analysts

Holo receives a strong short-term technical ranking of 79 from InvestorsObserver data analysis. The proprietary ranking system focuses on the recent trading patters over the past month to determine the strength of its short-term technicals. HOT has a superior recent technical analysis than 79% of tokens based on these trading metrics. Investors primarily focused on shorter term investment strategies will find this technical analysis most relevant to their goals when determining whether to invest in a particular crypto.

InvestorsObserver is giving Holo a 79 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 $0.000469 (25.73%) higher than its 30-day low price of $0.001824449 while also -$0.000177 (-7.18%) lower than its high of $0.00247137 from the past month of trading. Meanwhile, HOT's current price of $0.002293941 is above its average price of $0.002113712 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. Holo's market cap of $397,605,567.11 is relatively average for a token. 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. Meanwhile, HOT's average volume is average with $251,959,700.44 worth of the token traded over an average 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. Over the last 24 hours, HOT's volume is below its usual with $35,388,438.87 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

Holo's price movement over the past month has led to a a strong short-term technical score due to recent trading giving more bullish signals for traders on the token's short-term movement. Click Here to get the full Report on Holo (HOT).