- The ONE token price facing strong resistance from the $0.376 level
- The ONE/BTC pair was trading at 0.00000569 BTC with a gain of 4.7%
- The 24-hour trading volume in ONE is $607.6 Million
On October 22nd, the ONE token offered an excellent opportunity for crypto investors when the price gave a strong breakout from the previous All-Time High resistance of $0.26. The token price provided a proper retest to this level and continued to rally higher. The token displayed a 45% growth from the breakout point and marked $0.376 as the new ATH for ONE token.
The crucial EMA’s shows that the ONE token’s price is trading higher than the EMAs 20, 50, 100, and 200, indicating a strong bullish trend.
The RSI value(BULLISH) stands at 71, indicating a bullish sentiment for the token.
ONE token Chart In The 4hr Time Frame
After reaching $0.38, the ONE price entered a minor retracement phase, which took its support from $0.312 and started rallying again. Later the token climbed back to this overhead level and is currently experiencing significant selling pressure from this resistance.
Furthermore, the RSI line shows a substantial bearish divergence in this lower time chart, suggesting the price could reverse from this $0.38 resistance. The ONE token price is currently trading at $0.35, with an intraday gain of 12.74%.
The MACD indicator (BULLISH) shows both the MACD line and signal lines moving higher above the neutral zone (0.00), indicating bullish momentum. However, these lines have also displayed a sudden drop in their chart.
Conclusion: From the technical perspective, the overall trend for the ONE token is still bullish. However, the bearish divergence in RSI creates some doubt about the bull rally. Therefore the crypto should for the price breakout from $0.38 before initiating a new long trade.
Support– $0.31
Resistance– $0.38