- Bullish Holochain price prediction ranges from $0.013 to $0.032.
- Holochian bearish market price prediction for 2021 is $0.0043.
This Holochain Price Prediction 2021 article is based on technical analysis alone. Below, you will see the key metrics that we have taken into account upon coming up with our HOT price analysis and prediction.
There are many cryptos that spiked to a new all-time during this 2021 bull run. In contrast, some crypto also faced a downtrend position. As a result, many crypto traders are worried about whether it is time to hold or sell their crypto. This is also the same case that traders are experiencing in HOT.
Nevertheless, the crypto market is consolidating lately, and many cryptocurrencies are losing their previous profits. Will HOT experience the same price volatility? We’ll find out shortly in this HOT price analysis 2021 article. But first, let’s have a look at what HOT is.
What Is Holochain (HOT)?
Holo is a peer-to-peer distributed network for introducing decentralized applications developed using Holochain. Moreover, it is a framework for creating DApps that does not require the utilization of blockchain technology. More so, the goal of Holo is to serve as a bridge between the broader internet and apps created using Holochain, offering an ecosystem and marketplace in which DApps are easy to access, as they are hosted on the internet by Holo platform participants.
Now that we have an idea about HOT, do you think HOT will be profitable crypto in 2021? Join me and let us see the charts in this HOT price prediction.
HOT Current Market Status
As of the time of writing this Holochain technical analysis, HOT trades at $0.008172 with a 24-hour trading volume of $137,174,390. The price of HOT has increased by 0.02% in the last 24 hours.
Furthermore, HOT has a current circulating supply of 172.67B HOT. Currently, the top crypto asset trading platforms for HOT are Binance, HitBTC, Gate.io, Bilaxy, and BitMart.
Now, let’s proceed to the next part of this HOT technical analysis for 2021.
Holochain Price Prediction 2021
Recently, HOT held the 70th place on CoinGecko. But will the recent upgrades and changes in the blockchain help the digital asset price to reach higher? Let’s proceed to the charts in this HOT price prediction article.
Over the last few months, the chart above shows the symmetrical triangle pattern. This pattern shows the period of consolidation that may lead to a price breakdown or breakout. In this scenario of our HOT price prediction 2021, HOT has to break past the Fib retracement level at $0.032. To do this, it has to establish more support at the Fib level at $0.0043. If not, bears may gain the upper hand and drag HOT further to their territory.
As shown above, at the beginning of this period, HOT turned from a bearish trend to bullish. This is a result of the many trading volumes in that period. Moreover, in the smaller time frame, HOT showed a descending channel pattern. This pattern is discussed at the end of the article.
The Relative Strength Index (RSI) is at 44.88, which means that HOT is in a nearly oversold state. However, traders can trade safely without any fear.
Therefore, crypto traders must trade wisely and must not be disturbed by the crypto market hype. With this in mind, traders must trade carefully to avoid unexpected losses due to the crypto market’s wild swings.
Since the start of 2021, HOT’s price has seen many bullish moves which are higher than the previous one. More so, these are followed by consolidation, fluctuations, and corrections right away. Taking this into consideration, HOT has a competitive market this 2021.
Holochain Price Prediction Chart Showing Descending Channel Pattern
As shown below in this HOT price forecast chart, in a smaller time frame, HOT has shown a Descending Channel Pattern.
The smaller time frame in the chart above shows the Descending Channel pattern. Descending channel patterns are short-term bearish in that a crypto moves lower within a descending channel, but they often form longer-term uptrends as continuation patterns.
In the short-to-mid term scenario of our HOT price prediction 2021, HOT has to break past the Fib retracement level. To do this, it has to establish more support at the Fib level. If not, bears may gain the upper hand and drag HOT further to their territory.
Conclusion
HOT seems to have a great future ahead in 2021. With the ongoing developments happening within the HOT ecosystem, as well as in the overall crypto market, we may see HOT reach new heights.
Meanwhile, our long-term HOT price prediction 2021 is bullish. It has a high possibility of surpassing its current all-time-high (ATH) at about $0.03157 this year. However, that will only take place if it breaks the past number of psychological resistances. Even more, the bullish HOT price prediction in 2021 is $0.032. It may even reach $0.068 if investors continue to side with HOT this year.
FAQ
Users can obtain HOT tokens by purchasing them from cryptocurrency exchanges such as Binance or HitBTC
HOT is the best crypto asset to invest in 2021. Best of all, HOT has a high possibility of surpassing its current ATH at about $0.032 this year.
Yes, it’s very much possible that HOT might reach $0.068 in the near future as per the current bullish trend.
Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.
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Source: https://coinquora.com/holochain-price-prediction-2021/
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