$ONE Current situation: ONE has seen an extreme rally followed by a sharp pullback. CoinMarketCap reported $0.00334 on Sept. 21, down about 16% in 24 hours.

Key development: Harmony plans to sunset its Layer-1 network and migrate ONE to Ethereum (ERC-20) because of security concerns.

Technical risk: The recent rally was heavily leveraged and RSI reached extremely overbought levels, increasing the chance of further volatility.

Important levels: Around $0.0035 is a near-term area to watch; below it, the reported next downside area is around $0.0031.

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