- Harmony price is trying to escape the consolidation phase but looks like bulls failed to sustain.
- ONE crypto is trading above 20 EMA and is still behind 50, 100 and 200-days Daily Moving Average.
- The pair of ONE/BTC is at 0.000001092 BTC with an intraday gain of 0.59%.
Harmony coin price has been consolidating inside the horizontal range-bound area over the daily price chart. The token must escape the pattern to recover itself over the daily chart. However, bulls failed to sustain at the verge of the consolidation phase and ONE coin is now facing correction. ONE crypto must maintain itself at the current level to register its breakout. However, short-sellers are approaching to pull the token towards the lower level of the consolidation phase. Meanwhile, ONE coin has been consolidating in the price range of $0.016 and $0.027.
Harmony price is currently approximated at $0.025 and has gained 1.22% of its market capitalization in the last 24-hour period. Trading volume has increased by 54% in the intraday trading session. This indicates that buyers are still present in the trade and are trying to push the token towards the upper range. Volume to market cap ratio is 0.2132.
ONE coin price is trying to sustain at the current level and is trying to reach out of the consolidation phase but bears are trying to pull the token back. However, volume change can be seen below average and needs to grow for ONE coin to register its breakout. ONE crypto is trading above 20 EMA and is still behind 50, 100 and 200-days Daily Moving Average. ONE investors must wait until bulls accumulate and sustain at the upper range of the consolidation phase.
What do Technical Indicators suggest about ONE?
ONE coin price is trying to sustain itself at the verge of the consolidation phase. However, bulls falter to sustain at the upper range and the token is currently trading with downtrend momentum over the daily chart. Technical indicators are divergent regarding the price action of ONE coin.
Relative Strength Index showcases the downtrend momentum of ONE coin. RSI is at 55 and is heading towards neutrality for a breakdown. MACD exhibits the sideways momentum of ONE coin. The MACD line is ahead of the signal line but with a lower margin. ONE investors need to wait for any directional change over the daily chart.
Conclusion
Harmony coin price has been consolidating inside the horizontal range-bound area over the daily price chart. The token must escape the pattern to recover itself over the daily chart. However, bulls failed to sustain at the verge of the consolidation phase and ONE coin is now facing correction. ONE crypto must maintain itself at the current level to register its breakout. However, short-sellers are approaching to pull the token towards the lower level of the consolidation phase. However, volume change can be seen below average and needs to grow for ONE coin to register its breakout. Technical indicators are divergent regarding the price action of ONE coin. ONE investors need to wait for any directional change over the daily chart.
Technical Levels
Support Levels: $0.020 and $0.018
Resistance Levels: $0.027 and $0.030
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.