Harmony Price Analysis: ONE coin sees in a range-bound market, investors are confused in this area

• The Harmony coin is trading in a horizontal range between the $0.023 and $0.030 support and resistance levels.
• The Harmony (A) coin looks below the mid-band of the Bollinger Bands indicator on the daily price chart.
• The ONE/BTC pair price is down 3% on 0.000001163 satoshis.

Harmony Coin has underperformed in recent weeks as bears rejected ONE Coin at the $0.20 to $0.17 range, re-putting ONE Coin in the palms of short-sellers. Conversely, when sellers create a double top on the daily price chart, the bulls are irritated by the market volatility.

For several days, the Harmony currency has traded in a horizontal range between the $0.023 and $0.030 support and resistance levels. At the time of writing, the Harmony coin is trading sideways at $0.0249 in the intraday trading session.

Recently, bears noticed a 52-week low at $0.02257 mark, with buyers barely managing the altcoin above this support area.

Additionally, the market valuation has dropped to $3.4 million, down 3.1 percent in the last 24 hours, according to CMC. Similarly, the bitcoin pair associated with the Harmony token is down 3% at 0.000001163 satoshis.

RSI indicator displays the sideways trend 

The Harmony (A) coin looks below the mid-band of the Bollinger Bands indicator on the daily price chart. Meanwhile, a coin at the bottom of this low indicator is an important bounce-back area for bulls.

With the RSI indicator moving sideways looking just above the oversold zone, the indicator shows a sideways move for the Harmony coin.

Conclusion

As Harmony (ONE) traders in the horizontal range, the bulls and bears hardly try to dominate the altcoin trend. This range breakout will define a further directional move.

Technical levels: 

Support level- $0.02 and $0.01

Resistance level- $0.30 and $0.54

Disclaimer 

The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish the financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.