Holo (HOT) What Does the Chart Say Wednesday?

Wednesday, January 12, 2022 04:24 PM | InvestorsObserver Analysts

Holo receives a strong short-term technical ranking of 70 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 70% 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 70 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 $0.000930 (16.63%) above its 30-day low of $0.005589168 while -$0.002732 (-29.53%) below its 30-day high of $0.00925065. In addition, HOT's current price of $0.006518701 is under its 30-day moving average price of $0.007499799, leading to a strong short-term technical score. Overall the recent trading history of Holo suggest that investors are bullish on the token at the moment. HOT has a relatively high market cap for a token with a total market value of $1,128,476,361.71. Holo's market value is relatively high since the largest 100 cryptos have a market cap above $1 billion and HOT meets that criteria. Holo's average volume meanwhile is high with $507,177,360.95 worth of the token traded over a typical 24 hour period. The cryptos volume is relatively high due to the most traded 100 cryptos typically having $100 million worth of the crypto traded over a 24 hour period. As of the past 24 hours, HOT's volume is below its average with $81,184,533.27 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).