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- 1 ONE price signifies a retracement and has retested the 20-Day EMA mark.
- 2 Technical indicators are suggesting a possible downtrend ahead.
The ONE price (Harmony) coin revealed profit booking and has retraced over 17% this week and retested the 20-Day EMA mark. However, the ONE coin price sustained above neutrality and is in dilemma now. The price action shows that the sellers are looking to push the Harmony coin toward the 100-Day EMA mark.
At press time, the Harmony coin (ONE) price was trading at $0.02935 with an intraday drop of 1.90%, reflecting neutrality on the charts. It has a monthly return ratio of 59.29% and 44.90% on a yearly basis. The pair of ONE/BTC is at 0.000000458 BTC, and the market cap is $406.77 Million. Analysts are neutral and suggest that ONE coin may face retracement ahead and will retest the 200-Day EMA mark soon.
ONE Price & Volume Noted a Decline
The above metrics data shows the combined price and volume profile of the ONE coin which shows that the price noted a retarcement move and has been declining this week. Additionally, the price action indicates short buildup and the coin may show a bearish trend ahead. The trading volume noted a drop of over 24% to $6.85 Million.
Price Volatility and Sentiment Remained Average
Following the price decline, the price volatility data witnessed a drop over 35% to 0.013, noted average movements. Moreover, the weighted sentiment remained in the positive zone and the value stands near 0.124.
Social Dominance and Active Users Overview
The data shows minimal movements and the social dominance value noted around 14.04% replicating neutral investor interest on the media platforms. However, the active users on X (formerly Twitter) was at 2417, and on Telegram was at 2266.
Development Activity and Open Interest Outlook
The data shows that the development activity noted a downturn and has declined over 35% to 1.57 reveals an adverse outlook. However, the total open interest noted a drop of 1.23% to $13.83 Million.
The relative strength index (RSI) curve slipped to the midline and is showing a negative divergence on the charts. Moreover, the MACD indicator shows a bearish crossover and red bars on the histogram suggesting underperformance for the next sessions.
Per the Fibonacci retracement zone, the Harmony coin has slipped below 38.2% and may retest the 23.6% level near $0.02300 soon. The total supply of the ONE coin is 14.23 billion and the volume to market cap ratio is 0.0169.
Summary
The Harmony coin (ONE) reflects low volume activity and has faced profit booking, leading to a decline over 20% this week. However, the coin is attempting to sustain near the 20-Day EMA mark and is hovering around it.
Technical Levels
Support Levels: $0.02700 and $0.02300
Resistance Levels: $0.03000 and $0.3200
Disclaimer
The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice.
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.
