In the previous bitcoin analysis, we determined the alternatives according to the lunar and solar eclipses. The scenarios for Holo seem to be the same. Between those dates, it rose with the lunar eclipse based on the trend line and then retested the trend line and started the bull season with the solar eclipse.
If you notice, Holo remained slightly below the main trend in 2020 and 2024 before the lunar eclipse and then rose to the trend. Holo is approaching its 9-month falling trend. In the red alternative, there is a possibility that it cannot overcome this falling trend and retests to the level of 0.001493. (The same alternative as 2020). When it reaches that level, it can start the bull season with the solar eclipse on September 30.
In the green alternative, it is to break above the level of 0.001790 together with the dollar inflation considering the conditions of 2024 and to rise even more with the solar eclipse.
In general, I expect a short-term decline for all coins. However, if the falling trends are broken due to market conditions, it will start the rise.
In addition, all coins apply cup formations during the bull season. In other words, the prices of 2 years ago must come to their buying places with inflation. Therefore, it may increase by around 2150% during the season. It is likely to go up even more with its characteristic structure after the peak.
Resistance levels for Holo (Long Term):
0.001790 = Break***
0.002783 = Resistance**
0.004184 = Resistance**
0.007234 = Resistance*
0.015590 Resistance**
0.031500 = Cup (Inflation Peak)***
With its high rate, Holo coin will enter the bull season after September 30 and please its investors.
For Information and Idea Purposes. Does not Contain Investment Advice.
Tradingview quote owner: Tynahan
