Is Holo (HOT) trending down or up on Tuesday?

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Tuesday, November 22, 2022 3:50 p.m. | InvestorsObserver Analysts

Is Holo (HOT) trending down or up on Tuesday?

InvestorsObserver gives Holo a strong short-term technical score of 83 from its analysis. The proprietary rating system takes into account the token’s trading history over the past month to determine the strength of its short-term technicals. Based on these metrics, HOT is currently trading better than 83% of the tokens. Investors focused on healthy recent trading patterns should consider the short-term technical ranking system to be more relevant when making investment decisions.

Short term technical - 83
InvestorsObserver gives Holo a short-term technical rank of 83. Find out what that means for you and get the rest of the leaderboard on Holo!

Trade Analysis

Holo is $0.000255 (17.94%) higher than its 30-day low of $0.001420042, while it is also -$0.000675 (-28.72%) lower than its high of 0.00234940 $ from the last trading month. Meanwhile, HOT’s current price of $0.001674744 is below its average price of $0.001819842 set over the last trading month, resulting in a strong short-term technical result. In summary, Holo’s recent trading history suggests that traders are currently bullish on the token. Holo’s market cap of $290,305,103.25 is relatively average for a token. The market valuation for Holo is relatively average as the 100 largest cryptos have a market cap of over $1 billion and HOT is below that mark but remains a market cap of over $100 million. Meanwhile, HOT’s average volume is average, with the token trading at $228,717,907.35 over an average 24-hour period. Volume for HOT is relatively average as the top 100 most traded cryptos have exchanged around $100 million in crypto over a 24 hour period and a large chunk of the market is worth at least $5 million each day. In the last 24 hours, HOT’s volume was below usual at $33,537,305.20. Holos Subclass Distributed Computing: While all blockchain technology is a form of distributed computing, projects in this category typically provide access to a range of distributed computing resources.

summary

Holo’s price action over the past month has produced a strong short-term technical as recent trading has provided more bullish signals for traders regarding the token’s short-term movement. Click here for the full Holo (HOT) report.

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