- The ONE Coin has jumped by over 42% in a month.
- It is trading close to the resistance level of $0.01400.
- The current market price of the Harmony Coin is $0.01341.
In the current trading session, the Harmony Coin price is trading with a mild selling pressure, as it is trading with a decline of $0.0017 or 1.25%. It has been traded with a volume of 67.4 Million in the current trading session. The market capital of the Coin is at $183 million and the MAX supply of the token is Infinite. The Harmony Coin price was dominated by the bulls in the initial stage of the trading when there was a lot of hype for the cryptocurrencies. After January 2022, the coin price declined massively and the bears took over control of the price. The price has melted down over 96% till now from the higher levels.
The Harmony Coin price has shown strength in the beginning of 2023 but the bulls lost momentum in a few months. Token’s price declined again and breached the previous low level to form a new yearly low level of $0.008648. The sellers strengthened their grip on the stock and the coin went into the consolidation phase for more than 2 months.
An Outlook of the ONE Coin Price Chart
The Coin price has recently breached the Descending triangle pattern and shown a good upward momentum. The stock price has surged by over 42% in a month, which is a remarkable gain for any coin. The stock price has escalated along with the sharp surge witnessed by the entire crypto market.
The ONE Coin is trading close to the resistance level of $0.01400 and it seems like some sellers have been spotted there. The coin price is facing strong resistance there, as it is facing some difficulty to cross this level. The other resistance is present near the level of $0.01735. However, if the price starts to decline from here, the next strong support is visible near the level of $0.00867.
What Do EMA and RSI Indicators Reveal?
The ONE Coin price has recently regained the 200-day Exponential Moving Average and the 50-day Exponential Moving Average was already in bulls’ control. It shows that the price is currently in a beast mode and the bulls are riding the wave aggressively.
The Relative Strength Index (RSI) is curving at 78.01. It indicates that the coin price has been overbought as per the RSI indicator. The coin price should remain stable for some time so that the RSI will come down and the coin price will continue its uptrend.
Conclusion
The recent upward move in the ONE Coin is looking strong and the buyers are holding the upper levels strongly. It indicates the surge can be sustained for a prolonged period and the coin price after some cool-off will continue this uptrend.
Technical Level
- Resistance – $0.01400 and $0.01735
- Support – $ 0.0067
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.