Crypto Underdog HOLO (HOT) Slowly Making its Big Move

Steve Anderrson
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain. Join the official channel of thecoinrepublic, For the latest news updates: https://t.me/thecoinrepublic
  • Holochain (HOT) is a decentralized application platform (dApp) that processes agent-centric agreements by leveraging peer-to-peer networks.
  • HOLO (HOT) is slowly gaining traction in the market and has been surging ahead in value over the past month.
  • While the price fluctuations were not huge, the crypto asset witnessed a significant uptick in its daily volume.

Bitcoin, the world’s largest and the most popular cryptocurrency, has squandered a significant share of market dominance during the last few weeks.  And with this, looks like, the investors’ interest is shifting towards altcoins. Even though bitcoin has the largest market valuation out of all the cryptocurrencies in existence recently, the market observed an inverse correlation between Bitcoin and altcoins, mainly small altcoins.

Bitcoin price after touching a yearly high of $12,473 corrected below the $12,000 mark, currently standing at $$11,812 on the charts. The second-largest cryptocurrency in the market, Ethereum also corrected it’s a price below the support level of $425, Now trading at $409.64 mark. However, some small-cap altcoins irrespective of market sentiment, still trading in green territory, HOLO (HOT) is one such coin, trading with minor gain in today’s bearish market.

Holochain (HOT) is a decentralized application platform (dApp) that processes agent-centric agreements by leveraging peer-to-peer networks. Holo (HOT) drew a lot of attention lately by a few traders, most of whom expect huge returns. HOLO has been experiencing exciting price movements since the last week of June. In the last week of June, HOT was trading at $0.000566, and currently, it is changing hands at $0.000841. While the price fluctuations were not huge, the crypto asset witnessed a significant uptick in its daily volume.

Holo (HOT) Price Analysis

As per Holo (HOT) daily charts, the crypto is slowly gaining traction in the market and has been surging ahead in value over the past month. The crypto seems slowly leaving bottom while bears are still trying to accumulate more, staying within the range of 7-8 satoshi. However, if the coin were to obtain necessary momentum, HOT could climb all the way to 12 satoshi. 

The visible range indicator exhibits that the buyers are waiting for the coin to reach 12 satoshi and above so that they can sell it and book their profit.The coin might take months to make any solid move being one of the least valued asset listed on binance. 

The Relative Strength Index was seen to be moving upward and was currently at a 50-median neutral line. The weekly chart for HOT showed the 20 EMA [Red] likely to undergo a bullish crossover with the 50 DMA [Blue] soon.

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