$ONE Current price: about $0.00334, down roughly 16% in 24h after a sharp rally.
Main issue: the recent move was heavily leveraged; open interest reportedly reached about 75% of market cap, followed by substantial long liquidations.
Key levels: around $0.0035 is the immediate level to watch; below it, $0.0031 is identified as the next downside area.
Fundamental risk: Harmony announced plans to sunset its Layer-1 network and migrate ONE to Ethereum, following security problems.
Bottom line: ONE is currently extremely volatile, so the price chart should be viewed alongside the major network/migration developments rather than on technical momentum alone.
#NEARRisesNearly80%InAWeek #MultiversXPlansHardForkRecovery #ZetaChainVotesToMigrateZETAToSolana #ZetaChainVotesToMigrateZETAToSolana #ECBStartsBlockchainEuroSettlement
Main issue: the recent move was heavily leveraged; open interest reportedly reached about 75% of market cap, followed by substantial long liquidations.
Key levels: around $0.0035 is the immediate level to watch; below it, $0.0031 is identified as the next downside area.
Fundamental risk: Harmony announced plans to sunset its Layer-1 network and migrate ONE to Ethereum, following security problems.
Bottom line: ONE is currently extremely volatile, so the price chart should be viewed alongside the major network/migration developments rather than on technical momentum alone.
#NEARRisesNearly80%InAWeek #MultiversXPlansHardForkRecovery #ZetaChainVotesToMigrateZETAToSolana #ZetaChainVotesToMigrateZETAToSolana #ECBStartsBlockchainEuroSettlement
