- ONE token price testing the resistance at $0.10935 on an intraday session
- The 24-hour volume in ONE is $275,480,944, with a decline of 12.80%
- ONE/BTC pair is trading positive by 24.14% at 0.00000265 BTC
The 4-hour technical chart of ONE token outlines a bullish trend. According to pivot points, ONE’s significant support level is $0.02952. Whereas if it heads up, the crucial resistance to watch is $0.16010. Besides, the chart also features a three white soldier candlestick pattern displaying that Bulls have control over the movement.
The Exponential Moving Average (EMA) of 200 serves as a reliable support in the coin’s price levels. Investors may notice the price floats below EMA-200. So until the price rests below EMA-200, it will assure ONE’s bearish movement.
MACD indicator gave (Bullish) crossover above the signal line, projecting a buy signal in the coin. Additionally, Investors can see emerging green bars in the histogram index, which may cool down in future trading sessions.
The volume of (253.05M) showcases a huge volume above the Volume MA (135.85M) of 20-days. Traders maintain high buying pressure in the order book to drive its price level to an excessive region. Investors may also observe declining volume in the chart to create big moves ahead.
Why Is Holding Harmony One Token Valuable In the Future?
Stephen Tse is the originator and CEO of Harmony ONE token. He holds a Ph.D. from the University of Pennsylvania and spent significant time in cryptographic protocols and type hypotheses.
He established Harmony ONE in 2017. The Harmony establishing group includes twelve individuals, with seven of them being previous representatives at Google, Apple, Microsoft, and Amazon.
Harmony is a blockchain intended to work with the creation and utilization of decentralized applications (DApps). The organization plans to advance how decentralized applications work by focusing on irregular state sharding, which permits making blocks in a few seconds.
As per the project’s website, Harmony must present cross-shard contracts and a cross-chain framework before the ending of 2021.
Focusing on processing speed and validation, the Harmony mainnet plans to change block creation. By presenting the sharding process, the organization decreased node validation times fundamentally.
Harmony presented the Verifiable Random Function (VRF) for unprejudiced shard membership to guarantee the insurance of nodes and secure the validation cycle. This implies that nodes and validators are appointed out and re-appointed in a randomized way.
The project’s Harmony Grants program is a revolution that means to help advancement and draw in developers to the Harmony mainnet.
Resistance: $0.3000
EMA-200: $0.12550
Support: $0.02952