Holochain (HOT) has experienced a 3% surge in price over the past 24 hours, reaching $0.00136 as of 6:46 a.m. EST. In the last week, HOT’s price has increased by 34%. The trading volume for HOT has also significantly increased, jumping 100.2% to $134 million. The question now is whether Holochain’s price will sustain this bullish momentum.
After a period of consolidation, Holochain’s price has recently seen a breakout and increase. Despite efforts from bears to lower the price to $0.001235, the bulls have maintained their position. A rebound at $0.00105 has led to an upward movement in price. The support zone at this level has been crucial in pushing Holochain to its all-time high of $0.00152.
The 50-day and 200-day simple moving averages at $0.00103 also support HOT’s price. The relative strength index (RSI) is on a downward trend towards the 70-level, indicating selling pressure on HOT’s price and potentially driving the RSI down to the 50-level mark.
Overall, Holochain exhibits a bullish trend, with a rebound at the $0.00105 support level. If this momentum continues, HOT has the potential to surpass resistance at $0.00152 and establish a new all-time high. However, if there is a breach below the $0.00124 support level, further losses may occur.
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