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•ONE/USD is currently priced at $0.151163 and has decreased by 1.19% over the past day
•The technical indicators suggest a continuation of the bullish momentum
•The trading volumes have risen by 1% over the past day
Short Term View:Technical indicators echoing the bullish momentum in Harmony
The Harmony price today is $0.151163 USD with a 24-hour trading volume of $153,856,604 USD. ONE is down 1.19% in the last 24 hours. The trading volumes have increased marginally over the past day, with the bullish momentum still at large. The Volume to Market Cap Ratio, on the other hand, stands at 0.086.
ONE has been trending downwards following October 2021’s peak of $0.3798.The altcoin has closed the last three consecutive daily candles in the green, with Friday on track to do the same. The asset is trading above the 20,50 SMA on the four hour chart, indicative of the bullish conditions prevailing in the market. Moreover, the 50 SMA has just crossed above the 200 SMA, and signals a golden cross (yellow line) as traders will look to buy into support. If the bullish momentum sustains, Harmony could break through the resistance barrier placed at $0.166 as purchasing pressure increases in tandem with buying signs. The support, on the other hand, resides at $0.145.
Long Term View for ONE
The Relative Strength Index (RSI) for Harmony shows a sharp uptick in fortunes and has raced to 55.08, indicating strong buyer momentum. The green histograms are continually gaining traction and the MACD indicator shows that the MACD line is about to enter the positive territory. This is hugely positive news with regards to the bullish price action that ONE is about to undertake.
Conclusion
The technical indicators for Harmony demonstrate a strong underlying bullish bias, which may result in the wedge breakout. This may give rise to the possibility of the altcoin going on another blish run.
Support: $0.145-$0.133
Resistance:$0.166
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish the financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.
