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Past Performance
The current price of ONE is $0.18, the price has appreciated by 6.89% in the last 24 hours. Whereas in the past week, ONE has traded between $0.15-$0.18.
https://www.tradingview.com/x/5EkWzfRM/
ONE Technical Analysis
At the time of writing, ONE is trading at $0.182. The price is up by 6.50% (approximately) from the opening price. Thus, indicating high buying pressure in the market, and forming a bullish candle for the day.
However, ONE is forming a really narrow range on the daily chart, a breakout on either side will give us a better outlook. We have to closely watch the demand zone (current level) and see if the price tests and breaks the long-term resistance level or not. If the price breaks out of the resistance level of $0.189, bulls will be active and the price can test its all-time high at $0.22.
On the daily chart, the MACD and signal have entered above the zero range. However, we can see a bullish crossover by the Signal line over the MACD line. This indicates the price action is strong, and the price might try to break out of its resistance level.
The RSI on the daily chart is taking constant support from the 43% mark. The RSI has been constantly bouncing from these levels. Moreover, it has been forming a bullish divergence. Therefore, the price is expected to further rise.
Day-Ahead and Tomorrow
ONE is trading above the Fibonacci pivot support level of $0.176, which has acted as a strong support level. We can expect the price to hold at this pivot level, however, if the buying pressure remains the same, the price might break out from the level and rise. Here, an opportunity for a long position arises.
Traders can enter into the long trade, once the price breaks $0.189, by keeping the target of $0.203 and stop-loss at $0.176.
However, after breaking the immediate support level, it will highlight the support level at $0.167. Traders can take a short position accordingly.