$ONE has broken out of its prolonged sideways movement, rising from around $0.0010 to a recent high near $0.00197. Price is currently around $0.00186, but buying momentum appears to be slowing.
The $0.00183–$0.00197 region remains a key supply zone, and buyers will need to push convincingly above it to extend the rally.
If sellers maintain control, a deeper retracement toward $0.001024 remains possible, as this was the previous base before the breakout.
After such a sharp advance, some profit-taking wouldn't be surprising. The next move around the current supply zone should reveal whether #one can sustain its breakout or give back some of its recent gains.
The $0.00183–$0.00197 region remains a key supply zone, and buyers will need to push convincingly above it to extend the rally.
If sellers maintain control, a deeper retracement toward $0.001024 remains possible, as this was the previous base before the breakout.
After such a sharp advance, some profit-taking wouldn't be surprising. The next move around the current supply zone should reveal whether #one can sustain its breakout or give back some of its recent gains.
