Harmony Price Analysis: ONE Coin Approaching Threshold for Breakout, What’s Next?

  • Harmony price is trying to break out of the consolidation phase, but it seems that the bulls failed to hold.
  • ONE crypto is trading above the 20 EMA and is still behind the 50, 100 and 200 day moving average.
  • The ONE/BTC pair is at 0.000001092 BTC with an intraday gain of 0.59%.

Harmony coin price has been consolidating inside the horizontal range area on the daily price chart. The token must break out of the pattern to recover on the daily chart. However, the bulls failed to stay on the edge of the consolidation phase and ONE coin is now facing a correction. ONE crypto must hold at the current level to record its breakout. However, the short sellers are closing in to push the token towards the bottom of the consolidation phase. Meanwhile, ONE coin has been consolidating in the price range of $0.016 and $0.027.

Harmony’s price is currently approaching $0.025 and it has gained 1.22% of its market cap in the last 24 hour period. The trading volume has increased by 54% in the intraday trading session. This indicates that the buyers are still in the trade and are trying to push the token towards the range top. The volume to market capitalization ratio is 0.2132.

The ONE coin price is trying to hold at the current level and is trying to break out of the consolidation phase, but the bears are trying to withdraw the token. However, the volume change can be seen below average and needs to grow for ONE coin to register its breakout. ONE crypto is trading above the 20 EMA and is still behind the 50, 100 and 200 day moving average. ONE investors should wait until the bulls build up and sustain in the upper range of the consolidation phase.

What do the technical indicators suggest about ONE?

The ONE coin price is trying to stay on the edge of the consolidation phase. However, the bulls are failing to hold the upper range and the token is currently trading with bearish momentum on the daily chart. Technical indicators are divergent from the price action of ONE currency.

The Relative Strength Index shows the downtrend momentum of ONE currency. RSI is at 55 and heading towards neutrality for a break. MACD exhibits the sideways momentum of ONE currency. The MACD line is ahead of the signal line but with a lower margin. ONE investors should expect any change in direction on the daily chart.

conclusion

Harmony coin price has been consolidating inside the horizontal range area on the daily price chart. The token must break out of the pattern to recover on the daily chart. However, the bulls failed to stay on the edge of the consolidation phase and ONE coin is now facing a correction. ONE crypto must hold at the current level to record its breakout. However, the short sellers are closing in to push the token towards the bottom of the consolidation phase. However, the volume change can be seen below average and needs to grow for ONE coin to register its breakout. Technical indicators are divergent from the price action of ONE currency. ONE investors should expect any change in direction on the daily chart.

Technical Levels

Support levels: $0.020 and $0.018

Resistance Levels: $0.027 and $0.030

Disclaimer

The views and opinions expressed by the author, or anyone named in this article, are for informational ideas only and do not constitute financial, investment, or other advice. Investing or trading in crypto assets carries a risk of financial loss.

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