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•ONEUSD is currently priced at $0.139 and has decreased by 1.12% over the past day
•The trading volumes have decreased by 31.87% over the past day
•The technical indicators suggest a bearish outlook for the near term
Short Term View: ONE Price action has bulls looking over their shoulders
The Harmony price today is $0.139852 USD with a 24-hour trading volume of $92,956,107 USD. ONE is down 1.12% in the last 24 hours. The trading volumes have decreased over the past day, suggesting increased selling pressure prevailing at the current price levels. The Volume to Market Cap Ratio for the altcoin stands at 0.05569.
ONE is currently in a downtrend and the support level placed at $0.124 is facing severe pressure from the bears. A breakdown of this price level would pile more pressure on the altcoin.The resistance placed at $0.156 appears to be the immediate hurdle in the medium term that needs to give way for any bullish Harmony price predictions to take hold. The altcoin is transacting below the 20,50 SMA on the four hour chart which reinstates the bearish sentiment.
Long Term View for ONE
The technical indicators for Harmony suggest a negative outlook for the near term. A bearish crossover was observed on the daily MACD chart recently which has helped bolster the sell off. Moreover, the MACD and signal lines are about to enter the negative territory. The histograms have turned red as well, in a news that will come as a huge incentive to the bears for their efforts. The RSI for the altcoin stands at 44.03 and gives off a neutral signal.
Conclusion
After starting the month on a positive note, Harmony upside movement has been punctuated severally by price corrections as the market continues its seesaw movements. Hence we are likely to see the prices falling even further in the coming days.
Support: $0.124
Resistance: $0.156
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish the financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.