🚀 $ONE | Are you ready for a new rally?
After monitoring ONE's price action on the daily and 4-hour timeframes, we can see that the coin is trying to regain momentum after a prolonged period of selling pressure.
📊 Current technical picture:
The price is trading near $0.00195, with a notable increase in trading volume during recent moves.
On the daily timeframe, the price is approaching the upper Bollinger Band, while on the 4-hour timeframe, the Parabolic SAR is still above the price, meaning that a bullish reversal has not yet been confirmed.
🟢 Bullish scenario:
Holding above 0.00180$ and reclaiming the 0.00215$ level could give buyers a chance to test:
🎯 $0.00248
🎯 $0.00270
🎯 $0.00300
🎯 $0.00330
A clear close above 0.00248$ with strong trading volume would be an important positive technical signal.
🔴 Bearish scenario:
Losing the 0.00180$ area could send the price back to test:
* $0.00168
* $0.00135
* $0.00110
⚠️ A point worth noting:
Despite the technical improvement, the fundamental risks associated with the Harmony project cannot be ignored. Therefore, keep an eye on project news, the network's future, and the balance migration mechanism before making any investment decision.
💭 My personal opinion:
ONE is worth watching right now, and there is a chance of a recovery rally forming, but I’m waiting for a confirmed breakout above resistance before considering this move the start of a new uptrend.
Question for you: Will we see ONE at 0.003$ soon, or is the correction not over yet?
#one #Harmony #crypto #BinanceSquare #TechnicalAnalysis
After monitoring ONE's price action on the daily and 4-hour timeframes, we can see that the coin is trying to regain momentum after a prolonged period of selling pressure.
📊 Current technical picture:
The price is trading near $0.00195, with a notable increase in trading volume during recent moves.
On the daily timeframe, the price is approaching the upper Bollinger Band, while on the 4-hour timeframe, the Parabolic SAR is still above the price, meaning that a bullish reversal has not yet been confirmed.
🟢 Bullish scenario:
Holding above 0.00180$ and reclaiming the 0.00215$ level could give buyers a chance to test:
🎯 $0.00248
🎯 $0.00270
🎯 $0.00300
🎯 $0.00330
A clear close above 0.00248$ with strong trading volume would be an important positive technical signal.
🔴 Bearish scenario:
Losing the 0.00180$ area could send the price back to test:
* $0.00168
* $0.00135
* $0.00110
⚠️ A point worth noting:
Despite the technical improvement, the fundamental risks associated with the Harmony project cannot be ignored. Therefore, keep an eye on project news, the network's future, and the balance migration mechanism before making any investment decision.
💭 My personal opinion:
ONE is worth watching right now, and there is a chance of a recovery rally forming, but I’m waiting for a confirmed breakout above resistance before considering this move the start of a new uptrend.
Question for you: Will we see ONE at 0.003$ soon, or is the correction not over yet?
#one #Harmony #crypto #BinanceSquare #TechnicalAnalysis