- ONE token price rises after retesting the bullish breakout of the ascending resistance trendline.
- 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 0.000004237 BTC, facing an intraday gain of +2.91%.
After surviving the sudden crypto market crash, the price of ONE Token of is rising after the breakout of ascending resistance trendline and sustained the long squeeze. However, the token price fell back to $0.170 after it found supply at $0.21.
The crypto asset price rises above all the crucial Daily EMAs and is in a bullish direction. These EMAs provided support for the price during the recent fall.
The coin price trades at $0.1899 as of press time. This represents a +0.36% increase in market capitalization over the last 24 hours. In addition, the Harmony intraday trading volume has increased to 120%. This indicates a boom among token buyers.
ONE Token Price Retests The Bullish Breakout Of Rising Channel
One token price rises with higher high formations, resulting in a rising parallel network. However, the prices did not rise above $0.20 and are currently retracing to test the channel’s resistance in search of bullish demand.
According to price action, the coin price may soon face demand at $0.16 or $0.135. However, the resistance for the ONE Token is close to $0.2 and $0.23.
The RSI indicator predicts a rise of underlying bullishness when the price jumps higher, and the demand is near the support trendline.
Since the ADX line keeps moving higher, it is an indication of a growing trend.
Conclusion: Despite the rapid return to $0.170, the price of ONE Token has seen impressive growth in 48 hours. Low-risk investors might be interested in a spot near $1.60, as the price action project a pump in coin post-retest.
Support- $0.16 and$1.35
Resistance- $0.2 and $0.23