- The RSI indicates a slight bearish divergence of the ONE coin price
- The ONE/BTC pair traded at 0.000003233 BTC with a loss of 12.13%
- The ONE’s 24-hour trading volume for coins is $119.2 Million
The ONE Coin shows an excellent opportunity for Crypto Investors, with the formation of a Cup and Handle Pattern in the daily frame chart. The Pattern indicates its main resistance(neckline) at the $0.223 mark. The coin price is currently forming the handle portion of this Pattern, which should take its support from the $0.160 level. Any confirmed fall before this level will threaten the validity of this bullish Pattern.
The ONE Coin’s price is trading higher than the crucial EMAs 20, 50, 100, and 200, which indicates a bullish trend in this Coin. Moreover, the 20 EMA is providing strong dynamic support to ONE coin price.
The RSI value is 66(BULLISH), indicating a bullish sentiment regarding the price movement. Anyhow, the Crypto Investors might notice a slight bearish divergence in the price action, projecting weakness in the bullish rally.
ONE Coin Gives A Breakdown From The $0.0160 Support
The ONE Coin’s price shows a breakdown of the $0.0160 support in the 4hr time frame chart. The price has provided a candle closing above this level, and if the price manages to sustain below it, the ONE trades can grab a quick short trade for them. The Crypto trader must correctly confirm this breakdown as in the daily chart; thus, the price still has a chance to reject.
The MACD indicator (BULLISH) shows signal and MACD lines moving below the neutral area (0.00), indicating bearish sentiment. Also, the indicator displays steady red bars in a histogram chart, indicating bears are gaining momentum.
Conclusion: the ONE’s coin technical outlook is still bullish, as the chart shows a possibility of forming a Cup and Handle Pattern, which would provide an excellent directional move if the price breaks out from the neckline. However, as mentioned above, the price is in a make-or-break situation, where proper support from the $0.016 holds the key to completing this Pattern.
Support – $0.016
Resistance – $0.0137