The cryptocurrency market is a volatile one, and the price of HOT has been on a rollercoaster ride since its inception. In this article, we’ll take a look at the price prediction for HOT in 2021 and see if it’s worth buying now or waiting for a dip to buy more.
The holo price prediction 2025 is a question that has been asked before, but the answer was not found.
- The price range for a bullish HOT forecast is $0.00919 to $0.03919.
- It’s possible that the HOT price may rise to $0.035.
- The price estimate for the HOT bearish market in 2021 is $0.0038.
We utilize data, price trends, ADX, and other information about HOT to evaluate the cryptocurrency’s future movement in HOT price forecast 2021.
Holo (HOT) is an Ethereum token that powers Holo, a peer-to-peer hosting platform for Holochain applications that is decentralized (hApps). Users that host hApps on their own computers may earn HOT tokens.
The Holochain was built with the intention of transforming the energy-intensive data-centric blockchain paradigm into a far more efficient agent-centric system. In the Holochain network, there is no true global agreement. Instead of a global consensus, each agent on the public blockchain has their own private fork, which is maintained and kept on the Holochain through a distributed hash table.
Holo’s Current Market Situation (HOT)
At the time of writing, the price of HOT was $0.00618 with a 24-hour trading volume of $137,985,746 according to Coingecko. In the past 24 hours, however, HOT has fallen to 3.17 percent.
Furthermore, there are 172,673,864,848 HOT in circulation. HOT is currently traded on Binance, HitBTC, Tokocrypto, Hotcoin Global, and ZT, among other cryptocurrency exchanges.
Price Prediction for Holo (HOT) in 2021
On CoinGecko, Holo (HOT) is now ranked 77th. With a daily time period, the HOT price forecast for 2021 is given below.
Descending Triangle Pattern in HOT/USDT (Source: Tradingview)
During downtrends, the descending triangle is most frequently observed and is generally taken as a negative indicator. In the descending triangle pattern, the rising triangle pattern is reversed.
Descending triangles signal to investors and traders that selling are more aggressive than buyers as the market continues to reach lower highs. The pattern is complete when the price breaks out of the triangle in the direction of the general trend.
A descending triangle may be bullish or negative, contrary to common perception. A regular descending triangle pattern is considered a bearish chart pattern in the past. On the other side, a descending triangle pattern may be bullish.
HOT is now trading at $0.00618. Following that, HOT may continue to decline or climb, depending on the breakout direction. If the trend breaks out at $0.0068, HOT may quickly hit the resistance level of $0.0080. If the trend continues, the price of HOT could drop to $0.0038.
Support and Resistance Levels in Holo (HOT)
The chart below depicts Holo’s support and resistance levels (HOT).
Support and Resistance Levels for HOT/USDT (Source: TradingView)
The following are the resistance and support levels of HOT, as shown in the preceding chart.
- $0.00919 is the first level of resistance.
- $0.0168 is the second level of resistance.
- $0.0319 is the third level of resistance.
- Level 1 Support – $0.0038
- Level 2 Support – $0.0021
HOT’s bearish performance during the preceding month is shown in the chart. However, this trend will shortly hit the $0.031 resistance level. If the trend were to reverse, HOT might fall below $0.0038, indicating a bearish indication.
Average Directional Index Holo (HOT) (ADX)
Now let’s have a look at HOT’s ADVANCED DIRECTIONAL INDEX (ADX). The ADX, in particular, aids traders in assessing the strength of a trend as opposed to its direction. It may also be used to see whether the market is shifting or if a new trend is forming. However, it is connected to the Directional Movement Index (DMI).
The oscillator also has a range of 0 to 100. Furthermore, a high number indicates a strong trend, while a low value indicates a weak trend. It’s also often used in conjunction with directional indicators.
The ADX of HOT is seen in the chart above, with a range of 33.03, indicating a strong trend.
The HOT is a cryptocurrency that is ideal for long-term investment. Furthermore, until the breakthrough direction is verified, HOT price forecast will remain bearish or bullish. However, there’s a high possibility it’ll hit $0.031 this year. This, however, will only happen if a number of prior psychological obstacles are overcome.
Furthermore, with the advances and updates to the HOT ecosystem, HOT’s performance is expected to increase to $0.031 in the near future. However, if investors think HOT is a solid investment in 2021, it might reach $0.035.
Disclaimer: The views stated in this graph are entirely those of the author. It should not be construed as investment advice. Before investing, TheNewsCrypto staff advises everyone to conduct their own research.
The holo price prediction 2022 is a question that has been asked for quite some time now. Will HOT hit $0.035 soon?
Frequently Asked Questions
Will Holochain ever reach $1?
Holochain is currently trading at $0.39, so its highly unlikely that the price will ever reach $1.
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