ONE PLUNGES THROUGH KEY SUPPORT 🚨📉
The 4‑hour chart ripped a tight order block around $0.0040, sending $ONE sharply lower into a $0.0033 support cluster. Volume surged past $200 M, outpacing the 24‑hour average and confirming aggressive liquidation of leveraged longs. Momentum oscillators have plunged into bearish territory – RSI hovers in the high‑10s and the MACD histogram deepens negative – highlighting accelerating downside pressure 📉
The $0.003287 zone is now acting as a fragile floor; price has tested it three times within the session, each time finding marginal buying but failing to hold above the level. A break below this micro‑support would expose the market to the next liquidity pool near $0.00310, suggesting a structural weakness rather than a routine pull‑back 📊
Given the sharp 16.5 % slide and the proximity to the daily low, the move feels more like a capitulation than a healthy correction. If buying pressure re‑emerges around $0.00320, the market could find a short‑term bounce toward the mid‑range $0.003972, yet any failure to defend the $0.003287 support would likely push the price deeper into the $0.00305‑$0.00310 corridor 📈
Levels to monitor:
Watching support around $0.00325
Structure suggests resistance near $0.00345
Mid range area: $0.00397
DYOR
Follow for Updates
#ONE #GENERAL_ALTCOIN #CryptoTrending #BinanceSquare
The 4‑hour chart ripped a tight order block around $0.0040, sending $ONE sharply lower into a $0.0033 support cluster. Volume surged past $200 M, outpacing the 24‑hour average and confirming aggressive liquidation of leveraged longs. Momentum oscillators have plunged into bearish territory – RSI hovers in the high‑10s and the MACD histogram deepens negative – highlighting accelerating downside pressure 📉
The $0.003287 zone is now acting as a fragile floor; price has tested it three times within the session, each time finding marginal buying but failing to hold above the level. A break below this micro‑support would expose the market to the next liquidity pool near $0.00310, suggesting a structural weakness rather than a routine pull‑back 📊
Given the sharp 16.5 % slide and the proximity to the daily low, the move feels more like a capitulation than a healthy correction. If buying pressure re‑emerges around $0.00320, the market could find a short‑term bounce toward the mid‑range $0.003972, yet any failure to defend the $0.003287 support would likely push the price deeper into the $0.00305‑$0.00310 corridor 📈
Levels to monitor:
Watching support around $0.00325
Structure suggests resistance near $0.00345
Mid range area: $0.00397
DYOR
Follow for Updates
#ONE #GENERAL_ALTCOIN #CryptoTrending #BinanceSquare