Hassan Maishera
Holochain Reaches A Maturity Threshold
HNT, the native token of the Holo ecosystem, is one of the best performers amongst the best performers in the cryptocurrency market today. The coin has added nearly 5% to its value in the last 24 hours, outperforming the broader cryptocurrency market.
The rally comes after Holo announced that its Holochain had reached a maturity threshold. Holochain’s features and performance have matured enough that the team set the date for our Beta release and will publish a release candidate for Holochain Beta by December 15, 2022.
Hello all, and happy #Holomonday ! 🦆
— Paul d'Aoust 🧡🦆 (@helioscomm) December 5, 2022
So naturally I'm excited about the Holochain Beta RC coming up by the end of next week. That's pretty exciting for us all in the team. https://t.co/qSTCD8YQb0
The broader cryptocurrency market has been underperforming over the last 24 hours. The total crypto market cap stands at $835 billion, down by more than 2% in the last 24 hours.
Bitcoin, the world’s leading cryptocurrency by market cap, is also down by 1% so far today and is now trading at $16,779 per coin.
HNT technical analysis
The HNT/USD 4-hour chart is bearish despite Holo performing well over the past 24 hours. However, the technical indicators show that HNT is outperforming the broader crypto market and could rally higher soon.
HNT/USD 4-hour Chart By TradingView
The MACD line is below the neutral zone, indicating that the bears are still largely in control despite HNT’s ongoing rally. The 14-day relative strength index of 30 shows that HNT is no longer in the oversold region and could move higher soon.
At press time, HNT is trading at $2.0976 per coin. If the rally continues, it could move past the first major resistance level at $2.3656 before the end of the day. However, HNT could find it hard to move past the $2.5 resistance level in the near term.
The bears are in control of the broader market, and this could see HNT drop below the $2 support level over the next few hours.
