HOLO price analysis: HOLO Coin showed an attempt to break out of the rounded floor pattern

  • The HOLO token shows that the 20- and 200-day EMA has given a bullish crossover
  • The HOLO / BTC pair traded at 0.000002405 BTC with a gain of 21.82%.
  • The 24-hour trading volume in HOLO tokens is $ 511.2 million

The HOLO token shows the formation of a rounded floor pattern in the daily timeframe. This pattern has $ 0.0106 as the main resistance level and the price is currently trying to break through that level. So if the price manages to close a candle above this level at the end of the day, it could offer HOLO traders a great long opportunity.

As per the EMAs, the BCH token is showing a solid bullish trend as the price is above the 20, 50, 100 and 200 EMA. In addition, the token chart also shows that the 20 and 200 EMA have produced a bullish crossover that could attract more buyers to the token market.

The RSI (BULLISH) The value is 89, which indicates a strong bullish momentum in the token. However, with the strong price growth, the RSI line has now entered the overbought zone.

HOLO token shows the probability of forming a cup and handle pattern

THE HOLO Token is showing a crucial breakout from the $ 0.01065 level, aided by strong volume activity. In addition, the price is currently being retested at this level, which is a great confirmation and entry point for HOLO merchants. However, let’s say if the price fails the retest there is still a second chance for the traders.

There have been many instances where the rounded bottom pattern was actually a cup-and-grip pattern that still gives dealers the same opportunity. Hence, long traders can still keep this token on their watchlist to ensure they don’t miss out on the great opportunity even if the price doesn’t hold up on the first try.

That Moving average convergence divergence (MACD) indicator (BULLISH) shows that both the MACD line and the signal lines are moving higher than the neutral zone (0.00), suggesting bullish momentum in the HOLO token.

Graduation: From a technical point of view, the HOLO token shows a strongly bullish outlook in its price action and indicators, indicating a favorable condition for market participants looking for long opportunities in this token. Thus, as mentioned, traders have two options with the HOLO token. For one, when the price stays above the $ 0.0108 mark and, for another, when it forms a cup-and-handle pattern. In both cases, however, the next target for HOLO merchants would have to be the $ 0.132 mark.

Support– $ 0.0106

resistance– $ 0.132

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