$ONE
Trading this kind of sideways-to-down pattern isn't easy. Will it break into a major uptrend?
Trading this kind of sideways-to-down pattern isn't easy. Will it break into a major uptrend?
Post
--Bullish
财经大圣
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Bullish$ONE
Is a long-dormant, established altcoin about to see a second wave?
Recently, I’ve started paying attention to ONE again.
This coin previously had a very strong rally, gaining nearly 8x at its peak. It then underwent a major correction, and many people may have removed it from their watchlists.
But its recent price action is getting interesting again.
Looking at the chart, after its previous sharp rally, ONE didn’t just keep falling in a straight line. It went through a period of retracement and consolidation, and is now showing signs of a renewed surge on rising volume.
There are a few reasons this kind of price action is worth watching:
First, it previously saw a concentrated influx of capital that drove its price higher, suggesting this established small-cap coin still has some market attention.
Second, if it can hold above the breakout area after this renewed move higher on rising volume, that could mean a new wave of capital is coming back in.
Third, the project itself is undergoing a major transition. Harmony is migrating ONE to Ethereum and plans to explore AI video creation and the content remix economy. This gives the market a new narrative to consider.
Of course, a project transition doesn’t mean its fundamentals have already turned around. The previous security incidents and the departure from its original blockchain are also risks that must be taken into account.
What I’m watching more closely is whether it can develop a second independent rally.
If this renewed move on rising volume after the correction continues, ONE may be more than just an ordinary oversold bounce.
When established altcoins become active again, they’re often worth a closer look.
Going forward, the key things to watch are whether trading volume can remain strong and whether a new support level forms after a pullback.
Is a long-dormant, established altcoin about to see a second wave?
Recently, I’ve started paying attention to ONE again.
This coin previously had a very strong rally, gaining nearly 8x at its peak. It then underwent a major correction, and many people may have removed it from their watchlists.
But its recent price action is getting interesting again.
Looking at the chart, after its previous sharp rally, ONE didn’t just keep falling in a straight line. It went through a period of retracement and consolidation, and is now showing signs of a renewed surge on rising volume.
There are a few reasons this kind of price action is worth watching:
First, it previously saw a concentrated influx of capital that drove its price higher, suggesting this established small-cap coin still has some market attention.
Second, if it can hold above the breakout area after this renewed move higher on rising volume, that could mean a new wave of capital is coming back in.
Third, the project itself is undergoing a major transition. Harmony is migrating ONE to Ethereum and plans to explore AI video creation and the content remix economy. This gives the market a new narrative to consider.
Of course, a project transition doesn’t mean its fundamentals have already turned around. The previous security incidents and the departure from its original blockchain are also risks that must be taken into account.
What I’m watching more closely is whether it can develop a second independent rally.
If this renewed move on rising volume after the correction continues, ONE may be more than just an ordinary oversold bounce.
When established altcoins become active again, they’re often worth a closer look.
Going forward, the key things to watch are whether trading volume can remain strong and whether a new support level forms after a pullback.