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- Harmony (ONE) observes under tight horizontal range in hourly charts.
- At the time, Harmony is reaching 20 simple moving averages on a 4 hour chart.
- Market capitalization increased 2.28% at $144.5 Million.
Harmony (ONE) coin hit another 52 weeks low this week, while Bitcoin price seems under recovery mood. Crypto market rises today, as Bitcoin sustains above $16,800 mark. Although bears are still present in the market despite little price recovery.
Harmony on 4 Hour Chart
At the time of writing, Harmony (ONE) price against the USDT is trading at $0.0111 mark. Current price represents little recovery in the intraday trading session by 0.63%. Last night buyers successfully formed dragonfly doji candle, which can help to contribute to crypto’s growth.
Although, the 4 hours chart of Harmony coin shows a range bound market (above the chart). Notably, yesterday’s bullish price closing influenced bulls to propel asset above simple moving average (white).
Buyers have a key support level at $0.010 and they lose this zone then two years level of $0.0040 will be the next support zone. On the other hand, bears are ready to sell harmony at $0.020 mark.
Harmony (ONE) crypto price is remaining above the conceptual round level of $0.010 amid downtrend while investors lost nearly 23% so far this week. Notably, market capitalization increased 2.28% at $144.5 Million in the last 24 hours.
In the context of daily price chart, RSI indicator is gradually healing itself from oversold territory. This is not enough for buyers to accumulate crypto aggressively. On the other hand, MFI and MACD indicators are still showing uncertainty in the market.
Conclusion
The Harmony (ONE) price is trading a little higher to overcome the range-bound market soon. Only RSI indicator spreads positive vibes in the market when other vital indicators still keep uncertainty in the market.
Support level – $0.010 and $0.040
Resistance level – $0.0150 and $0.0.020
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 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.
