Chart Analysis: ONE/USDT (1D)
Critical Exploitation Warning: A massive red candle dropped price down to 0.00056, accompanied by an extreme volume surge (13.1B ONE). Binance displays a security alert stating Harmony was exploited and 4 Billion additional ONE tokens were unauthoritatively minted. This represents severe unexpected dilution and heavy selling pressure.
Moving Averages & Trend: All major moving averages (MA(7)=0.00118, MA(25)=0.00121, MA(99)=0.00153) are slopping downwards, acting as strong overhead dynamic resistance levels.
Price Action: The price crashed by ~35% on the daily candle, hitting a low of 0.00056 before slightly consolidating around 0.00079.
Realistic Price Targets
Short-Term (1–3 Days):
Relief Target: $0.00095 – $0.00115 (Dead-cat bounce attempting to test broken support/MAs).
Downside Risk: $0.00056 (Re-testing recent flash crash wick low).
Mid-Term (1–4 Weeks):
Base / Bearish Target: $0.00045 – $0.00060 (Token dilution pressure and reduced confidence likely cap upward momentum).
$ONE
#USJulyCPI&PPIDueThisWeek #CFTCOrdersKalshiToKeepOperating #KOSPIRisesNearly5%TriggersBuySideSidecar #SECMayUnveilTokenizedStockExemptionAsSoonAsFriday #OCCSaysDigitalFirmsCanSeekNationalBankStatus
Critical Exploitation Warning: A massive red candle dropped price down to 0.00056, accompanied by an extreme volume surge (13.1B ONE). Binance displays a security alert stating Harmony was exploited and 4 Billion additional ONE tokens were unauthoritatively minted. This represents severe unexpected dilution and heavy selling pressure.
Moving Averages & Trend: All major moving averages (MA(7)=0.00118, MA(25)=0.00121, MA(99)=0.00153) are slopping downwards, acting as strong overhead dynamic resistance levels.
Price Action: The price crashed by ~35% on the daily candle, hitting a low of 0.00056 before slightly consolidating around 0.00079.
Realistic Price Targets
Short-Term (1–3 Days):
Relief Target: $0.00095 – $0.00115 (Dead-cat bounce attempting to test broken support/MAs).
Downside Risk: $0.00056 (Re-testing recent flash crash wick low).
Mid-Term (1–4 Weeks):
Base / Bearish Target: $0.00045 – $0.00060 (Token dilution pressure and reduced confidence likely cap upward momentum).
$ONE
#USJulyCPI&PPIDueThisWeek #CFTCOrdersKalshiToKeepOperating #KOSPIRisesNearly5%TriggersBuySideSidecar #SECMayUnveilTokenizedStockExemptionAsSoonAsFriday #OCCSaysDigitalFirmsCanSeekNationalBankStatus