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- Harmony price prediction indicates a strong consolidated momentum in the daily chart
- ONE price has given a positive crossover from the 50 DMA. It is trading with a gain of 0.81% in the intraday session
Harmony One is a fast, secure, and scalable blockchain platform that seeks to create a decentralized economy for the future. Harmony One platform uses a unique sharding technique that enables it to process transactions faster than others. They focus on random state sharding which allows the block creations within seconds. Stephen Tse is the cofounder and CEO of Harmony and is an expert on cryptographic protocols and type theory.
Harmony protocol has very less transaction fees which make it ideal for microtransactions. Harmony has seen a decline in the avg daily transactions which has come down from a high of 5.3 million to 39390. Meanwhile, the daily active address of the network has seen a sudden spike on March 25 but currently remains in a decline and is near 5000. The average block size of Harmony is near 1782 Bytes with a transaction fee of 0.1ONE. They are also focusing on Zero Knowledge innovations which help it to scale more.
Harmony One has a market cap of $280,073,776 with an ROI of 568%. The volume of ONE has seen an increase of 19% intraday. The volume-to-market cap ratio of the asset price hints towards a consolidated trend.
Are ONE Bulls Looking For a Strong Rally?
The weekly technical chart of Harmony hints towards a strong consolidated trend in price. It has been moving inside a range of $0.0185 to $0.023. ONE is currently trading near the value of $0.02133 with a gain of 0.8% in the intraday session. Resistance halted near $0.028. Meanwhile, the support of the asset price can be seen near $0.18. It has recently given a positive crossover from the 50 DMA which can push it beyond the next resistance level. ONE price is also moving above the 100 DMA line and it can act as a support for a downtrend.
The RSI of ONE near 53 is highlighting its presence in the neutral zone. There is no slope in RSI which hints toward a consolidation.
Summary
Harmony One has been seeing a decrease in the average new users and transactions over the past few months. ONE price may see a strong upside momentum in the near future.
Technical Levels
Major Support:$0.018
Major Resistance;$0.028
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only, and they do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
