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





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Friday, August 05, 2022 06:38 AM | InvestorsObserver Analysts

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

Holo receives a strong short-term technical ranking of 94 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 94% 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.

Short-Term Technical - 94
InvestorsObserver is giving Holo a 94 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Holo!

Trading Analysis

HOT is currently $0.000886 (47.85%) above its 30-day low of $0.001851813 and $0.000000 (0.00%) below its 30-day high of $0.00273793. Additionally, HOT is above its average price of $0.002132861 over the past month of trading with its current price of $0.002737930. Overall, 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 $474,601,002.33. 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 $395,148,433.87 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 $59,867,207.04 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 trading over the past 30 days leads to its a strong short-term technical score due to recent price movement suggesting more bullish signals for traders on the token in the near future.

Click Here to get the full Report on Holo (HOT).

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