Today’s trading session has seen a Holochain price increase of more than 2 per cent. The session is a continuation of a trend that started during yesterday’s trading session that has seen the prices of Holochain jump by more than 7 per cent in the past 24 hours.
The jump in Holochain prices has also coincided with a 15 per cent jump in the volume of Holochain traded in the past 24 hours. This has brought the total number of transactions involving the cryptocurrency in the past 24 hours to $58 million. Normally, an increase in the trading volume of a cryptocurrency is a sign of its use during that period and can translate positively in the markets.
The past 24 hours have shown a strong Holochain bullish move, with the prices moving by over 7 per cent to the upside. In today’s trading session, the prices have increased by 2.4 per cent, and there is a high likelihood they will increase by the end of the day.
Looking at the chart below, the prices of Holochain have recently hit a support level of $0.00454. However, the prices have failed to break to the downside and instead retreated upwards. The prices have also failed to break to the downside in the second retesting of the support level. This is despite the cryptocurrency being in a strong bearish move. The chart also shows that from April 11 to date, the prices have traded in a sideways market within the ranges of $0.00454 and $0.00522. This is a tight range that has lasted for almost a week.
Therefore, using the 4-hour chart below, my Holochain price prediction expects the prices to continue with the upward move until it hits $0.00523. The cryptocurrency’s resistance level has failed to break in the past week. I also expect the prices to break the resistance despite the market being in a sideways market. This will mark the start of a new bullish move that is likely to see prices trading above $0.006.
This post was last modified on Apr 19, 2022, 16:08 BST 16:08