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Harmony Price Analysis: ONE Coin Breaks Off From a Traditional Pattern

  • The Harmony coin price breakout from the ascending triangle pattern on Sunday.
  • The 24-hour trading volume is at $213 million.
  • ONE/BTC pair is trading positive by 2.0% at 0.00000365 BTC.

The daily technical chart and price trend of Harmony coin show a bullish trend after breaking out from the ascending triangle pattern, which increased 15%. Based on the pivot point, the first support zone is 0.09 USDT. Another way to watch it is that if it rushes, the resistance level to look at is 0.22 USDT. Therefore, the chart created a bullish harami candlestick pattern during the day, and the cost is confident that it will remain positive with unwavering median strength.

The Exponential Moving Average (EMA) band, consisting of various EMA’s, strongly supports currency price fluctuations. Investors may find that cost is flying over the green ribbon. This guarantees a rise in Harmony until it is above the ribbon.

Trading volume (102.785 M) is below the 20-day moving average (539.987 M). The volume is low but up, so slowly move the cost to the resistance point and simplify it. Investors may also see the volume bar on the chart tilted. This indicates that anomalous instability is common on subsequent trading days.

The Stochastic RSI (bullish) with a value of K-96 D-87 provides a buy signal in currency. Investors can observe steep index slopes and positive crossover, which can stay in the positive realm for future trading sessions.

Long-Term Perspective of The Price of The Harmony ONE Coin

The weekly technical chart and price trend of Harmony coin also show a bullish trend. Based on the Fibonacci retracement levels, the first support zone is 0.09 USDT. From another perspective, if it rushes upside and breaks the resistance level of 0.22 USDT, the next hurdle to look for will be 0.33 USDT. Moreover, the graph shows the Heiken Ashi candles, representing a solid upside potential in the assets price action.

So, Harmony prices today are $0.180498, and 24-hour trading volumes are $213,518,813. Prices have risen 5.5% in the last 24 hours. The circulation of ONE coin is 11 billion, and the total inventory is 13.2 billion. The Stochastic RSI points to a buying signal, and the traders have prompted low volume. In fact, the cost moves towards the resistance levels. Similarly, the general outlook for the market is that the pattern will remain bullish over the next trading month.

Resistance Level: $0.22 & $0.33

Support Level: $0.09

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Nikhil Ingole: Mr, Nikhil Ingole is a Chief Editor at The Market periodical with over five years of technical analysis & trading experience in Forex and Crypto. As a commerce graduate, he has taken a keen interest in blockchain's future potentials in the financial industry. A keen cryptocurrency enthusiast, he is very supportive of new media projects, pioneer ideas and the Bitcoin community. He possesses strong technical, analytical skills and is well known for his financial market's informative analysis. Other than crypto, Nikhil Loves to watch his favorite football team and keep up to date with the latest Formula 1 racing.