HOT Price Analysis – June 21
In case the price exceeds $0.0039 level, then, the resistance levels of $0.0047 and $0.0061 may be visited. For a backward movement, the market can be supported at levels of $0.0020 and $0.0007.
Resistance levels: $0.0039, $0.0047, $0.0061
Support levels: $0.0020, $0.0007, $0.0003
HOT/USD is on the bullish movement. It has been increasing slowly for a couple of days ago. Looking at the daily chart, Holo (HOT) has been rising for a few days after a bullish rally. Since two days ago, the bulls have been attempting to control the market with a current movement above the 9-day and 21-day moving averages, though, the bears are interrupting the uptrend movement as a means of a price retracement. The price is currently at the resistance level of $0.0039 trying to break up the level.
However, in case the price exceeds the indicated level, then, the resistance levels of $0.0047 and $0.0061 may be visited. For a backward movement, the market can be supported at levels of $0.0020 and $0.0007 and if the price falls below the previous level, another support is around $0.0003. Meanwhile, the RSI (14) is ready to cross above the 60-level, which indicates a further increase in price in the HOT market.
The coin is on bullish movement when pairing with Bitcoin. The market has been following the upward trend since many days ago, traders can see a positive movement in no time. Even the HOT/USD market, on the other hand, is as well following an ascending broadening wedge formation as the bull gains ground. However, there could be a way of the breakout.
As it appears in the daily chart, a slow increase in price is taking place, which could be reflected in the market. Breaking the 42 Santos resistance level could further open the way for an upward movement. If such a scenario comes to play out, the closest resistance level for a possible inclination could be 63 Santos and above while the critical supports lie at 21 Santos and below.