Holo is a distributed peer-to-peer (p2p) platform for decentralized application hosting (DApps), built using Holochain where the DApps building framework does not require a blockchain technology system.
Founded by Arthur Brock and Eric Harris-Braun in 2018.
The main goal of Holo is to serve as a broader application and internet using Holochain to make the DApps ecosystem and market easily accessible.
As can be seen on the HOT/USDT price movement chart, the price movement saw an aggressive upward momentum exceeding 5,000% at the market opening of January to April 5, 2021 by recording an all -time high (ATH) level of $ 0.031.
After that, Hot was powerless to continue rising and made a decline again until testing the support level around the price of $ 0.006 in line with the fall in the price of bitcoin.
From a technical point of view, Hot is now hovering horizontally to enter the SBR zone (support become resistance) around $ 0.01 where the resistance level has failed to be broken before.
If the Hot price movement manages to break the resistance level, the next SBR zone around $ 0.016 will be tested first before returning to make higher gains.
The next risk is, if the price movement returns to see a bearish trend, the price movement is expected to continue the decline until the support zone around $ 0.006 and test the lowest level ever recorded before.
