HOLO Devalues by 12% After Hitting $0.00085

Holo Central Update was recently announced on Twitter, which aims at helping the system with faster development process along with self-update. This overall approach might be helpful for the users on the network with better credibility.

Holo Price Analysis

At the time of writing this analysis, HOLO was seen trading at $0.000745 around 08:51 UTC as on October 3, 2019.

Considering the past 5-day movement of Holochain, we see that the price was initially seen trading around $0.00074 with flattish movement. Then, from September 29, the currency started trading downwards and on the next day, it marked a huge decline of 26.42% and reached to the lowest of $0.0005454 at 05:45 UTC.

However, from this low, the Holochain managed to gather momentum and registered a massive growth of 56.02% and reached the highest peak of $0.00085 on October 1st at 17:10 UTC. From this high, the currency faced a sudden plunge and then, it marked a flattish movement around $0.00074. Currently, the Holochain price continued to trade under strong bearish hold as it marked a 12% fall from the high of $0.00085. 

Based on the Holo price prediction and statistics from the past 30 days, the currency price is expected to fall in the upcoming days. Hence, traders can consider the following resistance & support levels to avoid losses,

Resistance Levels:

R1: $0.000756, R2: $0.000769, R3: $0.000794

Support Levels:

S1: $0.000718, S2: $0.000693, S3: $0.00068