- HOLO token price jumps more than 80% within the past month with a boom in trading volume.
- The token price exceeds all the significant EMAs in the daily chart.
- The HOLO/BTC pair was trading at 0.0000001784 BTC, with an intraday gain of +5.09%.
HOLO token price has entered a bullish stage after finding demand near the $0.0044 mark resulting in an uptrend. The token price gained 80% in the past month before facing opposition near the $0.0084 horizontal resistance level.
The coin price is trading at $0.007769 with a gain of +11.72% in the last 24-hour. With an increase in the buying pressure, the intraday trading volume of the token has increased by 180%.
The coin indicates that the bulls are overpowering bears, with the recently made strong bullish engulfing candlesticks with tremendous buying volume.
HOLO Token Breaks Out of Consolidation Range
In the 4-hour timeframe, the technical chart of HOLO token price action projects a breakout of the consolidation range with an increased buying volume. According to the pivot points standard, the support level is at $0.0068 and $0.0060, and the resistance level is at $0.0098 and $0.0090. The pattern’s breakout brings hope for HOLO investors and an entry opportunity at retest for new investors.
The price recently crossed over all the significant EMAs. Therefore, investors may find the price sustaining above all the EMA as a positive point. However, the scenario is precisely bullish in the daily timeframe.
The relative strength indicator (BULLISH) indicates a bullish signal in the coin as the slope of RSI approaches the oversold zone.
ADX indicator is moving higher, indicating a rise in trend momentum.
Conclusion – The breakout of the consolidation range with the possibility of a bull run brings a ton load of buyers. The increase in buying volume along with the bullish momentum of RSI can drive the price higher. However, early investors/traders must wait till a breakout retest transpires.
Resistance: $0.0098 and $0.0090
Support: $0.0068 and $0.0060