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

Sunday, March 13, 2022 02:26 PM | InvestorsObserver Analysts
What do the Short-Term Technicals Predict for Holo (HOT) Sunday?

InvestorsObserver gives Holo a strong short-term technical score of 73 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 73% 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.

Short-Term Technical - 73
InvestorsObserver is giving Holo a 73 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Holo!

Trading Analysis

Holo is $0.000305 (8.41%) higher than its 30-day low price of $0.003626610 while also -$0.001907 (-32.66%) lower than its high of $0.00583837 from the past month of trading. Meanwhile, HOT's current price of $0.003931743 is under its average price of $0.004475799 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 $681,217,128.37. 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 $412,412,066.47 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 $27,941,684.07 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).

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