As the weekend has come to a close, it appears some interesting crypto market changes can be noted. The Holo price is still in the green, even though the current one-hour candles look anything but promising. Even so, this altcoin continues to buck the overall trend affecting most markets today. That in itself is pretty intriguing to keep an eye on over the coming days.
Holo Price Surge Might not be Over Yet
It is always interesting to see how specific cryptocurrencies survive the weekend. Especially when considering how Bitcoin still dictates the pace of all other markets right now. That is quite an annoying correlation more often than not, as it is evident Bitcoin will not necessarily see much of an uptrend for the foreseeable future. Even so, currencies like Holo successfully buck this downtrend, by the look of things.
Over the past 24 hours, there has been another minor Holo price improvement. Although it is not necessarily the biggest change to get investors and speculators excited, any development in a positive manner will be appreciated. With the 2.6% gain in USD value, one HOT is now priced at $0.001214. There’s also a 3% gain in BTC value and 4% leap over Ethereum. The 35 Satoshi level may hold for another day, although a return to 40 is out of the question for now.
On social media, there has never been any lack of excitement or hype for Holo and its underpinning Holochain technology. Lionel is confident there is a genuine chance HOT will reach $1 in a few years from now. That “prediction” also seems to indicate no major bull run needs to be expected for the top currencies in the coming weeks Not necessarily the message everyone was waiting for, but that is the way things look right now.
— Lionel 🦁 (@CryptoLionel) February 4, 2019
For those keeping a very close eye on the price chart on Binance, an interesting trend has begun forming. Although Holo has plenty of sell walls up, none of them seem insurmountable with a bit of effort. Unfortunately, these walls usually get padded once a certain level has been surpassed, and it appears this time will not necessarily be different whatsoever. For now, chasing the top is not advised, as 35 Satoshi may very well be the limit under the current market circumstances.
$hot Is this considered a Bull Flag on the 12 hour ? also no big sell walls up to 49 sats. I am definitely no good when it comes to reading charts and all that so am I right in thinking #Holo looks good ?$btc $eth $btt $npxs $waves $vet $tomo pic.twitter.com/dbkvjMbpfc
— Simon Hayes (@Hayess5178) February 4, 2019
As is usually the case in the cryptocurrency world, memes keep the bad dreams away when the overall market trend remains bearish. In the case of Holo, there is an interesting meme shared by Fat Elvis. Although it is not necessarily the best way to illustrate the importance of holding one’s asset during the negative trend, it is still a funny meme regardless.
— 🚀Fat Elvis🚀 (@fatelviscrypto) February 3, 2019
All of this further shows the cryptocurrency ecosystem is still not in the best of places right now. There is too much bearish pressure to warrant any real uptrends these days, yet it remains to be seen if any currency can continue to buck the overall trend. So far, Holo is putting up a valiant fight, albeit it seems unlikely this positive run will remain in place for much longer.
Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency.