The crypto market in general is coming out of a period of consolidation over the last few weeks. Coins are surging, and Holo Chain (HOT) is one of them. In fact, HOT has been one of the top performers of the last week. Here is what you need to know:
The coin had surged by close to 10% over the last 24 hours
HOT is also up by around 30% over the last 7 days or so.
This uptrend is likely to maintain in the week ahead.
Data Source” Tradingview
Why is Holo Chain (HOT) surging?
The main reason why we saw a surge in HOT over the last few days was a new announcement on the ecosystem roadmap that looks to make the project huge. But even with that, HOT had actually shown a lot of bullish signs before.
For example, it had managed to cross above a crucial overhead resistance zone of $0.004. Also, the coin hit a monthly high at the start of the week. The bullish outlook still remains intact. In fact, we are watching to see if bulls can push the price above $0.006.
If this happens, we could see decisive gains that could target $0.01 in the near term. This will represent a 50% surge from the current price. But if the price falls below $0.004, then more weakness could ensue.
Should you buy Holo (HOT)?
Holo markets itself as a peer-to-peer chain that hopes to provide a fast and reliable infrastructure for the deployment of decentralised apps. The project is also introducing new tools to help bridge the gap between decentralized systems and centralized ones.
The fundamentals are indeed quite good, and we have seen a lot of resilience as far as HOT goes. In the longer term, we expect the price outlook to remain positive and upbeat.
The post Holo Chain (HOT) is heating up right now – Here is why you should buy appeared first on Coin Journal.
Check live crypto rates here
Start trading today – See our list of exchanges
Good write-up, I’m normal visitor of one’s blog, maintain up the nice operate, and It is going to be a regular visitor for a long time.
Thank you, I’ve just been looking for information about this subject for ages and yours is the greatest I’ve discovered so far. But, what about the conclusion? Are you sure about the source?
Very interesting subject, thanks for putting up.
I like the efforts you have put in this, thanks for all the great content.
It?¦s really a great and helpful piece of info. I am glad that you simply shared this helpful info with us. Please keep us informed like this. Thank you for sharing.
Hello. remarkable job. I did not imagine this. This is a excellent story. Thanks!
I am not rattling great with English but I get hold this rattling easygoing to understand.
Very interesting information!Perfect just what I was looking for!
What i do not understood is actually how you are now not really much more neatly-favored than you might be right now. You’re so intelligent. You realize therefore considerably in the case of this topic, made me for my part imagine it from a lot of varied angles. Its like men and women don’t seem to be involved until it is one thing to accomplish with Woman gaga! Your own stuffs great. At all times deal with it up!