Harmony is a sharding open-source protocol that helps in scaling Ethereum applications. It operates within the Ethereum blockchain ecosystem. It is faster and more secure. ONE is the prime governance token of the Harmony network. Moreover, in the past 7-days, the price has surged by 146.35%. Past Performance As of March 13, 2021, ONE opened at $0.055. As of March 19, 2021, the closing price is $0.095. Thus, in the current week, the price of ONE has surged by approximately 73%. In the last 24 hours, ONE has been trading between $0.078 and $0.118. https://ift.tt/3ltwKkJ Day-Ahead and Tomorrow Currently, ONE has started trading at $0.113. The price has increased from the opening price of $0.095. Thus, the market is bullish. The OBV indicator is rising steeply. Thus, buying volumes are higher than selling volumes. High buying activity will exert upward pressure on the price. Hence, the price will go up further. The MACD and signal lines are positive. Thus, the overall market momentum is bullish. The bearish crossover by the MACD line over the signal line points towards a price pullback. But, since the market is positive, the price dip will be temporary and just a market price correction. The RSI indicator has faced rejection at 64% and is currently at 53%. Thus, selling pressures are gradually increasing. Thus, an intermittent price pullback is on the anvil. ONE Price Analysis Currently, the price is above the Fibonacci pivot point of $0.097. It is moving towards the first resistance level of $0.112 but is facing stiff resistance at $0.110. But, with positive market vibes, it should surpass the first Fibonacci pivot resistance level in some time. Watch out for the price movement in a 4-hour window a few times in the day. This helps form an average direction of the The price has tested and surpassed the 23.6% FIB retracement level of $0.109. Thus, bulls are strong, and we can expect the price uptrend to continue today as well as tomorrow.
The post ONE Tested and Surpassed the Level of $0.109 – Technical Analysis appeared first on Cryptoknowmics-Crypto News and Media Platform.
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