- The harmony coin displayed a bullish breakout of the symmetrical triangle pattern.
- ONE Coin’s market cap has increased by 10.7% to $389 million in the last 24 hours.
- Buyers saw a pullback near the 100-DMA in the intraday trading session.
Harmony (ONE) is displaying strong momentum as the price maintains its bullish structure following a profitable break above the symmetrical triangle and a retake to establish support. The cause for the rally is an upward rising trendline that serves as a significant pumping territory for the bulls.
ONE coin is trading above the 50 and 200 EMAs at $0.030 and $0.0258, respectively, which act as support on the 4H graph. Higher swings and lows are attracted by price movement. Investors have staged an incredible rally in the last two days following the breakout. At the same time, the ONE token was trading at $0.0313 at the time of writing.
Harmony Crypto turned the $0.030-resistance level into immediate support. The bulls now need to maintain this support level to see a further rally. Thus the market cap of ONE Coin has increased by 10.7% to $389 million in the last 24 hours. Moreover, the price of ONE coin pair with bitcoin is in the green zone with an increase of 7.6% at 0.000001268 satoshis.
Buyers Struggle Near 100-DMA on Daily Price Scale
In the context of the daily price scale, buyers saw a pullback today near the 100-day EMA. The 20 and 50 DMAs, on the other hand, are well below the current price of the altcoin. In contrast, trading volume increased by 125% in the last 24 hours.
Amid a sharp rally, the RSI indicator finally knocked on the doors of the highly overbought zone. However, the RSI peak turned down.
Conclusion
The Harmony (ONE) token noted a sharp rally this week, where buyers gained 30%. However, buyers face a pullback today and after the weekend buyers may be more aggressive for a more bullish rally.
Support level – $0.030 and $0.020
Resistance level – $0.035and $0.040
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational ideas only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.