- ONE Token price has grown more than 40% in the last week.
- The price action analysis indicates that the price breaks above the daily chart’s long-coming rounding bottom pattern.
- The pair of ONE/BTC is trading at 0.000004577 BTC with an intraday gain of +19.44%.
ONE coin price action indicates a strong bullish breakout of the daily chart’s long-coming rounding bottom price pattern. In addition, the recent jump in trading volume increased the underlying bullishness.
As per the pivot points, the resistance levels for the token are residing at $0.28 and $0.32 marks. However, in the case of a bearish reversal of the coin price, sellers may find opposition at $0.22 or $0.18.
The ONE Token price trades at $36.29, increasing 2.97% in market capitalization over the past 24 hours. However, the intraday trading volume has increased by 59% in the past day, indicating a boom in the number of buyers.
ONE Token In The 4-hour Chart
ONE token price action projects the price is rising above every main resistance level in the 4-hour chart. However, the coin price may struggle to rise above the $0.22 mark.
In a bullish formation, the EMAs on the 4-hour technical charts rise higher with a positive slope. It may help support prices during a bearish attack. Bullish entry points can also be found when the price drops to the 20-period EMA.
The RSI indicator predicts a flood of underlying bullish biases concerning the slope of RSI spikes greater in the daily chart.
The ADX indicator indicates a slight increase in trend momentum.
MACD indicates that the MACD indicator and signal line both move higher than the neutral region, which is bullish for the ONE token price.
Conclusion – Technically, the trend for the ONE coins is still bearish. The chart shows a positive outlook for the coin, and it may soon surpass the $0.22 mark. The crypto traders should wait for bullish opportunities to see if a breakout is not possible.
Support – $0.22 and $0.18
Resistance – $0.28 and $0.32