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Harmony Price Analysis: ONE Coin Price Sees A Correction After An Upside Momentum

  • ONE coin price is currently observing a downside momentum and can soon hit a new low in the future. Meanwhile, it is trading with a loss of more than 8% in the intraday session.
  • Technical indicators of Harmony suggests a strong downside momentum in price. In contrast, ONE/BTC pair is down by more than 4% in the past 24 hours.

One coin price is currently seeing a downside momentum in the daily chart which can lead it to a new low in the future. Harmony price is currently near the value of $0.154 and has seen a loss of more than 8% in the past 24 hours. The asset is currently down by more than 32% from its all time high. It has an ROI of more than 1500% which has benefitted various investors. The coin price bears are currently pushing it to test the lower limits, One can forecast that the Harmony price may reach a new high in the future.

Harmony market dominance along with the market cap is seeing downside correction. Meanwhile the volume of the coin has also seen a decrease in the past few days. The volume to market cap ratio of the coin suggests a downside momentum in momentum in price. One can invest in Harmony as per their needs and risk capacity.

Bears Of One Coin Price Are Looking To Push It Down

Source: Trading view

The weekly technical chart of the ONE coin price suggests a weak bearish momentum in price. Meanwhile it has observed a gain of more than 27% in a weekly time frame. Coming to the daily chart, the price is seeing a strong downside momentum. It has formed a strong bearish engulfing pattern. The resistance zone of Harmony while going upwards can be seen near $0.2. Meanwhile the support of the ONE price can be seen around $0.12. If the coin price jumps 15 to 20% above the current level then a strong upside momentum can be seen. ONE/BTC pair can also see a downside correction in future.

Conclusion

Harmony token price is currently seeing a downside momentum on the daily chart but can soon revert back to the uptrend. ONE/BTC pair can also see a strong upside momentum in price in future. One should do their due diligence before investing.

Technical Levels

Major Resistance: $0.2

Major Support: $0.12

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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.