Harmony Price Analysis: One Teams Up With Raze Network

Harmony One price bounced from $0.08 to $0.14 on Monday’s trading session
The 24 hour volume in Harmony is at $428,309,715 with a 225.90% increase
The ONE/BTC pair was trading at 0.000002656 with a 17.23% increase

The 4-hour technical chart of the Harmony One price forecasts an uptrend. According to pivot points, ONE’s critical support level is placed at $0.08. Whereas if it moves up, the first target price to watch is $0.22. While diving into the weekly chart of a 4-hour time frame, it completes a doji star candlestick pattern representing neither bulls nor bears could gain the upper hand.

EMA- (20,50) acts as another strong support in the coin. EMA-20 (blue) intersects above EMA-50 (purple), which projects the beginning of a positive trend. The price intersects above both the EMA’s and now waiting to give successful retests on the EMA. After two successful tests on the EMA, it is the right time to enter the trade with the ongoing trend.

RSI indicator (BULLISH), with a value of 69.10, indicates a buy signal in the coin. Moreover, Investors can see an upward slope from 41 to 69 in the index, which may surge in future trading sessions.

The volume of (108.59M) is above the Volume MA (122.12M) of 20-days. Huge green volume bars can be observed above volume ma of 20-days to pull up the price. Buying pressure is maintained in Harmony (ONE) to drive its price to higher levels.

Harmony One Partners With Raze Network

On the official twitter channel of Harmony One, the team announced that there is a partnership with Raze Network, in this send real tokens to Raze and it mints new ones on an anonymous layer 2 network. Then the receiver will need to redeem the Layer 2 tokens for the real ones.

Harmony One Price Expecting to Hit $0.20 Soon

Harmony One price traded at $0.14 with a gain of 7.43% in the last 24-hour. Furthermore, Harmony One price bounced from the support of $0.08. In contrast, the market capitalization stands at $1.4 billion. Technically, investors can perceive a positive crossover in the EMA, and the price is above the 55-EMA. RSI index showcases an upward slope. Moreover, the price movement can be towards the resistance of $0.22 in future trading sessions.

Resistance: $0.22

Support: $0.08

Waves Price Analysis: WAVES Coin TVL Reached To $1 Billion In 2021 »

« Vechain Price Analysis: VET Price Ready To Ride The Next Elliot Wave

Categories: News

Nikhil Ingole: Mr, Nikhil Ingole is a Chief Editor at The Market periodical with over five years of technical analysis & trading experience in Forex and Crypto. As a commerce graduate, he has taken a keen interest in blockchain's future potentials in the financial industry. A keen cryptocurrency enthusiast, he is very supportive of new media projects, pioneer ideas and the Bitcoin community. He possesses strong technical, analytical skills and is well known for his financial market's informative analysis. Other than crypto, Nikhil Loves to watch his favorite football team and keep up to date with the latest Formula 1 racing.