Holo (HOT), which reached a peak of $ 0.0316 in early April, could not turn the rise it caught on April 11 in its favor. This bullish candle would have turned into a bounce for HOT, whose price was trapped in the lower channel, but the resistance at $ 0.022 made the situation difficult. Forced to retreat, Holo is located just above the $ 0.017 support. The signals of the bearish remain in pressure, and the continued dips could lead to a collapse.
Holo (HOT), which reached a peak of $ 0.0316 in early April, could not turn the rise it caught on April 11 in its favor. This bullish candle would have turned into a bounce for HOT, whose price was trapped in the lower channel, but the resistance at $ 0.022 made the situation difficult. Forced to retreat, Holo is located just above the $ 0.017 support. The signals of the bearish remain in pressure, and the continued dips could lead to a collapse.
Result
The current support point for the bearish effect is a strong level. Losing it can bring losses that put the price at risk of a 50% drop. This includes a risk up to the price of $ 0.0085. At the next close, the price is supported at this level and if it goes up, there is resistance at $ 0.020. The diminishing consolidation effect offers the prospect of a bounce in the near future.
If the price can hold on the support level in the coming days, it will tend to break the resistance. Its next target is the $ 0.0244 and $ 0.028 resistances awaiting testing. An important pick-up point can quickly set the price thereby to a new record.
