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Holochain (HOT) on the Path of Recovery from the Devaluation after May’19

Holochain is organizing a virtual get together tomorrow at 11: 00 UTC. The community members will be attending the meet up with the users around the world. This might help in improving the visibility of HOT coin in the industry.

Holo Price Analysis:

Considering the Holo price from last 5 days, it was initially seen trading at the highest touch point of $0.00092663 on September 20, 2019, at 00:05 UTC. The price of HOT coin then saw a drastic drop of 39.23% on September 24, 2019 at 19:55 UTC when the trade value changed to $0.0005631. Holo price saw a slight escalation yesterday at 23:00 UTC with the price trading at $0.00078824. The value from then dropped again by 24.11% as of now.

Holo is seen trading in the strong downtrend, which means the wiser trade decision lays in ‘buying’ HOT coin. Speaking of the movement, the following haul valuation might help you with long-term and short-term prognosis:

Short-Term Prediction:

 

Short-term movement might help you earn fresh yet little returns if you hit the intra-day trading movement. The highest/lowest touchpoint as reflected in the chart might help you climb positive returns.

Long-Term Price Prediction:

Considering the long-term movement of Holo, the price is still devaluating after May 2019 movement. However, as per Holo coin price prediction, the price might start escalating n an upward motion soon. This will help to recover the devaluation seen from last few months.

The resistance and support levels are calculated as follows:

R1: $0.00799, R2: $0.00896 and R3: $0.00976

S1: $0.000622, S2: $0.00542 and S3: $0.00445

Matthew Diaz: Matthew Diaz is a full stack developer working in NameCoinNews on blockchain and cryptocurrency related websites. He has a comprehensive knowledge of exploring different technical tools to analyse market trends of cryptocurrencies. He has over a decade experience of technical analysis and assisting companies to achieve desired solutions. He is avid cyclist and music enthusiasts.