- ONE Token price grows more than 40% in the week prior.
- The price action analysis indicates the breakout of the crucial resistance zone near the $0.22 mark.
- The pair of ONE/BTC is trading at 0.000004224 BTC with an intraday fall of -8.77%.
ONE coin price action indicates a solid bullish breakout of the resistance zone near $0.22 in the daily chart. Furthermore, the coin price retests the bullish breakout. It is evident by the lower price rejection candle made today, at press time.
As per the pivot points, the resistance levels for the token are residing at $0.30 and $0.36 marks. Therefore, 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 $0.23, decreasing 5.05% in market capitalization over the past 24 hours. However, the intraday trading volume has increased by 15% in the past day, indicating a rise in the number of sellers.
ONE Token In The 4-hour Chart
ONE token price action indicates an uptrend within the expanding channel in the 4-hour chart. Moreover, the price is trading near the resistance trendline. Thus, a short-term downtrend is plausible upon $0.21 neckline fallout.
The EMAs of the 4-hour technical Chart rise higher in a bullish structure with a positive slope. Thus, it could support the prices against a bearish attack. Additionally, the price is testing a 20-period EMA.
The RSI indicator forecasts a surge for underlying bullish biases, with RSI spikes rising higher in the daily charts.
The ADX indicator shows a slight upward trend in momentum.
MACD indicators indicate that the MACD and signal lines are moving higher over the neutral area. Thus, it indicates bullish momentum in the token price.
Conclusion – The short-term trend of the ONE Coin is still bearish from a technical standpoint. However, the current chart of the coin price shows a positive outlook. Moreover, it may soon break the $0.25 mark. So, crypto traders can expect bullish opportunities while they wait until a genuine breakout is confirmed.
Support – $0.22 and $0.18
Resistance – $0.30 and $0.36