$HOT rose 18.78% in 24 hours due to exchange listings, technical momentum, and bullish altcoin market conditions.
Bit2Me listing (June 3) and renewed attention from recent API launch
Technical breakout above key resistance with rising volume
Altcoin rotation as market sentiment shifts toward riskier assets
Deep Dive
1. Primary Catalyst: Exchange Listings & Ecosystem Updates
Bit2Me integration: HOT was added to Bit2Me Wallet on June 3, 2025 (Bit2Me), expanding accessibility to European traders.
Q2 progress: Holo’s July 18 blog highlighted the live Public API and Cloud Console launch, enabling decentralized app deployments (Holo). These updates signal operational readiness for developers, aligning with Web3 infrastructure trends.
2. Technical Context: Breakout Confirmation
Price action: HOT surged past its 200-day SMA ($0.00122) and Fibonacci 23.6% level ($0.00102), reaching $0.00123.
Momentum indicators:
RSI14 at 72.36 (approaching overbought)
MACD histogram bullish at +0.0000225
Traders targeted $0.00145 after a 4-hour chart breakout on July 20 (CMC Community), though profit-taking risks loom with RSI7 at 87.07.
3. Market Dynamics: Altcoin Tailwinds
Altcoin Season Index rose 157.89% in 30 days, with Bitcoin dominance dropping to 60.17% (from 63.99% last month).
Sector rotation: Fear & Greed Index at 68 (Greed) and derivatives open interest up 12.27% in 30 days reflect risk appetite shifting to mid-cap tokens like HOT.
Conclusion
HOT’s rally combines project-specific catalysts (Bit2Me exposure, API launch) with favorable technicals and sector-wide altcoin demand. Watch for sustainability near $0.00130 resistance and whether developer activity translates to network usage.
What’s next: Can HOT maintain momentum if Bitcoin dominance rebounds above 61%?