HoloChain price analysis: HOLO token price starts the bullish trend again

  • HOLO token price breaks above the resistance level of $ 0.012.
  • The token price primarily trades the major Daily EMAs.
  • The HOLO / BTC is trading at 0.0000002464 BTC, with an intraday gain of + 4.07%.

HOLO token price is entering a bullish phase after seeing demand near the 20-day EMA, restarting the uptrend. The token price gained more than 30% in the past week and is now breaking the horizontal resistance level of $ 0.012.

HOLO Token is trading at $ 0.01242 with a gain of + 5.85% over the past 24 hours. Additionally, the token’s intraday trading volume has increased 47.65% with the increase in buying pressure.

The price action suggests that the bulls are overwhelming the bears, with the recently heavily bullish candlesticks dropping in with huge buying volumes.

4-hour chart of HOLO tokens

HOLO token price is encountering resistance from significant pivot levels around the $ 0.0133 mark, which may temporarily result in a short-term pullback to the 20-period EMA. However, investors hoping for a bullish entry point could watch the low risk plunge at 20 EMA fruitfully.

Price action analysis shows that the support level is at $ 0.010 and $ 0.0080, and the resistance level is at $ 0.012 and $ 0.015, respectively. The breakout of the resistance level brings hope to HOLO investors and offers new investors the opportunity to test again.

All major EMAs were recently crossed by the course. Hence, investors can see the price holding above the EMA as a positive sign as the daily scenario is bullish.

The relative strength indicator (BULLISH) shows a bullish signal in the token when the slope of the RSI approaches the oversold zone.

The ADX indicator is moving up, indicating an increase in trending momentum.

diploma – The breakout of the resistance level with the likelihood of a bull run carries a lot of buyers. The simultaneous expansion of the buying volume with the bullish momentum of the RSI can drive the price higher. Nonetheless, precocious investors / traders need to be patient until another breakout test occurs.

resistance: $ 0.012 and $ 0.015

support: $ 0.010 and $ 0.0080

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