- The ONE coin price sustains above the 50-day EMA
- The ONE/BTC pair traded at 0.000003264 BTC with a gain of 9.34%
- The ONE’s 24-hour trading volume for coins is $189.3 Million
The incredible rally of ONE coin has entered a retracement phase, after the coin offered a new ATH of $0.23 mark on 13th September. However, this minor pullback has dropped more than the expectation of the coin market, i.e., till the 0.618 FIB level. This is a crucial level for ONE coin buyers as it holds the potential to end this retracement for them.
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.
The RSI value is 48, indicating a slightly bearish sentiment regarding the price movement. Anyhow, the RSI has shown a significant drop in its value, suggesting the increasing strength of the market bears.
The ONE Coin Crypto Chart In The 4hr Time Frame
The ONE Coin in this lower time frame chart has shown that its price has bounced back from $0.12 support and also managed to break out from the nearest resistance $0.137 mark. This brings new hope for the coin buyers; however, the coin price still needs to show sustainability above the broken level. The ONE coin price is currently trading at $0.139, with an intraday gain of 9.51%.
The MACD indicator (BULLISH) shows signal and MACD lines moving below the neutral area (0.00), indicating bearish sentiment. However, the indicator also shows its lines are on the verge of giving a bullish crossover, which will add a great confirmation for a recent breakout of a resistance level.
Conclusion: from the technical perspective, the overall trend of ONE coin is still bullish. And as mentioned above, the above chart displays a reasonable possibility of the price continuing its rally from this 0.618 FIB. However, the coin has to provide more confirmation if the retracement phase ended or not. The next strong resistance the ONE coin price will face would be the $0.151 mark.
Support – $0.12
Resistance – $0.151