What do the Short-Term Technicals Predict for Holo (HOT) Friday?

Friday, April 08, 2022 03:58 PM | InvestorsObserver Analysts

InvestorsObserver gives Holo a strong short-term technical score of 76 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 76% 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 76 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Holo!

See Full Report

Trading Analysis

Holo is $0.001698 (45.01%) above its 30-day low of $0.003771696 while -$0.001786 (-24.62%) below its 30-day high of $0.00725509. In addition, HOT's current price of $0.005469201 is above its 30-day moving average price of $0.005137797, 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 average market cap for a token with a total market value of $947,757,330.13. 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 $629,689,872.57 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 $83,252,657.61 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).