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Harmony Price Analysis: ONE Coin Price Continues To Move In An Uptrend Despite The Fall In Market

  • Harmony coin price is observing a strong upside momentum in the daily chart which can lead it to a new high in future. It has seen a gain of more than 27% in the past 24 hours.
  • ONE token upside momentum may push it beyond its all time high soon . Meanwhile, ONE/BTC pair has seen a gain of more than 27% in the intraday session.

ONE coin price is currently seeing a strong upside momentum which can push it to a new high in future . Harmony coin price has seen a gain of more than 27% in the intraday session and is currently trading near the value of $0.172 .ONE token price market dominance along with the market cap has observed a significant increase in the past few days. The volume to market cap ratio of the ONE suggests significant upside momentum in price.

Technical Indicators Of ONE Price Suggests A Strong Upside Momentum

Source: Trading view

Harmony price weekly technical chart hints towards a consolidated momentum in price for the future. On the daily chart the coin has formed a strong bullish engulfing pattern on the daily chart.The downside momentum of Harmony can observe a bounceback from $0.15. Meanwhile, while going upwards the price can see a hostility near the value of $0.25.The moving average of the price has seen a positive crossover which can push it to a new high in future

The 100 DMA is near $0.12  which can act as a temporary support for the price. If the price of the coin goes 15 to 20% above the current level then a strong upside momentum can be seen. ONE/BTC pair can also observe a new high in upcoming days.

RSI(BULLISH): RSI for the Harmony is near 55.5 suggesting its presence in the overbought zone. There is a positive slope formation in the RSI which suggests a strong upside momentum for the future. The overall sentiment of RSI is bullish for the future.

Conclusion

ONE coin price has seen a strong bullish momentum which can push the price to a new high in the future. It can soon break above its all time high in the upcoming days. ONE/BTC pair can also see a strong upside momentum. One should do their due diligence before investing

Technical Levels

Major Support:$0.15

Major Resistance:$0.2

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Categories: Markets News
Adarsh Singh: Adarsh singh is an Stock market and financial market advisor trader with background in Engineering. He specialises in Technical Analysis while possessing strong computational skills.