- ONE token price fails to rise above the $0.20 mark as the price action forms a bearish piercing candlestick.
- The intraday trading volume is higher than the 20-days MA of volume, projecting an increase in selling pressure.
- The ONE/BTC is trading at 0.000003777 BTC, facing an intraday gain of +16.12%.
ONE token price is moving higher after the breakout of the rising channel after surviving the sudden crash in the crypto market due to the long squeeze. However, the token price found supply near the resistance level of $0.20, resulting in the fall back to the $1.70 mark.
The crypto asset’s price moves above all the critical Daily EMAs, increasing in a bullish alignment. These EMAs have provided support to the price in the recent downfall.
At the press time, the coin price is trading at $0.1727, with a +13.38% gain in the market capital within the past 24 hours, projecting a rise in underlying bullish sentiments.
Harmony’s intraday trading volume has fallen about 100%, indicating a boom in the number of token buyers.
ONE Token Price Retests The Bullish Breakout Of Rising Channel
ONE token price increases with higher high formations resulting in the breakout of the rising channel. However, the prices failed to rise above the $0.20 mark and are now retracing back to test the channel’s resistance in seek of bullish demand.
The price action indicates that the coin price could face demand shortly at $0.16 and $0.135. On the other hand, resistance is near $0.2 and $0.23 for the ONE Token.
The RSI indicator projects a rise in underlying bullishness as the price jumps higher with the demand near the support trendline.
The ADX is indicative of a growing trend since the ADX line is moving higher.
Conclusion: The ONE token price has shown impressive growth in just 48 hours despite the quick return to $1.70. Investors looking for low-risk entry might find a lucrative spot near $1.60 as the price action projects a pump in the coin post-retest.
Support- $0.16 and$1.35
Resistance- $0.2 and $0.23