The native token of Holo is named HOT. At the time of writing HOT is being traded at the price of $0.01284. The price has increased by almost 11.67% in the past 24 hours. The daily trading volume of HOT has also increased by almost 123% today. HOT is listed on coinmarketcap on the 68th spot and has a market dominance of about 0.09%. The past month i.e. October just like a lot of other coins has been bullish for HOT and we have seen an increase of about 77.02% in October. This monthly candle is bearish and has seen a drop of 9.44%.
HOT had created its all-time high around the price of $0.03160 in the month of April 2021. The maximum supply of HOT is around 177B HOT while the circulating supply is around 172.9M HOT (according to coinmarketcap). Nearly all the coins are in circulation now.
Technical Analysis – Holo (HOT)
On the daily time frame, we can see that the price was moving upwards and shot upwards to break the structure. This resulted in a new high of the price. Now when the price went parabolic it left an order block behind. Soon after the new high, the price started to take rejections and started to clearly respect a line. As such it grabbed the liquidity present above and slowly started to retrace back to the daily order block.
Soon the price went to mitigate the order block and now there is no visible reason for the price to come down again. We can expect a beautiful rally from HOLO at this point which would eventually lead to a new high. Invalidation of this scenario would be failing of the price to bounce from this zone which at the moment seems highly unlikely to happen.
Price Prediction – Holo
HOT has been one of the highly bullish coins currently. The platform offers solutions that connects dApps built on Holochain to be connected with the mainstream internet. According to the wallet investor, the price of Holo (HOT) is expected to reach a value of $0.0230 and in five years the price is expected to reach a level of $0.06083. As compared to the current times this is the price doing many times, but the traders think that it would be much more than what is being expected.
