for $ONE
/USDT – Harmony, :
📈 Overall trend
There was a very strong explosive rally from the 0.00058 zone to 0.00523.
The current price is around 0.00353, meaning the coin is still clearly above the moving averages.
MA7 = 0.00298
MA25 = 0.00135
MA99 = 0.00119
This means that the short-term and medium-term trend is still bullish, but after this large jump, a correction has become natural and possible.
⚠️ The most important point right now
The RSI(6) = 72.3, which indicates relatively overbought conditions. Also, the last candle fell from higher levels, suggesting profit-taking is underway.
However, overbought does not necessarily mean the decline will continue; the price needs to break the supports to confirm weakness in the trend.
🟢 Supports
Monitor these areas in order:
0.00342 — very close support, currently.
0.00298–0.00300 — important support, and approximately aligns with MA7.
0.00239 — stronger support if the correction increases.
0.00135–0.00140 — the MA25 zone, which is deeper support.
🔴 Resistances
0.00444 — the first important resistance.
0.00523 — the last peak and the main resistance.
If the price manages to break above 0.00444 and hold above it, then a retest of 0.00523 becomes the next technical area that should be watched.
As for a break of 0.00298 with a clear close, it would be an indication that the correction has become deeper.
Summary
The trend is still upward, but after a very sharp rise, the price now needs to consolidate.
The most important level I have is around 0.00300: staying above it preserves the strength of the move, while breaking it increases the probability of a correction toward 0.0024.#DogecoinRises15%