Harmony is a public blockchain network that runs Ethereum applications at high speed and at a much lower cost. It is fast, secure, highly scalable, and facilitates cross-chain functionality and multi-chain digital asset transfers. ONE is the native token of this ecosystem. The following ONE technical analysis predicts price movements for the next few days: Past Performance On May 18, 2021, ONE opened at $0.13. On May 24, 2021, ONE closed at $0.11. Thus, in the past week, the ONE price has decreased by roughly 15%. In the last 24 hours, ONE has traded between $0.10-$0.12. https://ift.tt/3bTt2x3 Day-Ahead and Tomorrow Currently, ONE is trading at $0.105. The price has decreased from the day’s opening price of $0.108. Thus, the market seems to be bearish. The MACD and signal lines are negative. Thus, the overall market momentum is bearish. However, a bullish crossover by the MACD line over the signal line has occurred. Moreover, both the lines are close to the zero line and may turn positive soon. Hence, the price may start rising. Currently, the RSI indicator is at 40%. It faced rejection at 61% and fell to the current level. Thus, selling pressures are high. High selling activity will exert downward pressure on the ONE price. Besides, the OBV indicator has fallen steeply. Hence, selling volumes are higher than buying volumes. Thus, all three oscillators have given bearish signals. However, the MACD indicator has indicated the possibility of a bearish trend reversal. We have to wait and watch to see if the impending price rise is temporary corrective price action or a trend reversal. ONE Technical Analysis Currently, the price has fallen below the first Fibonacci pivot point of $0.11. It may soon fall below the first Fibonacci pivot support level of $0.103. Thereafter, we have to wait and watch if the price starts rising. Presently, the price has tested and fallen below the 23.6% FIB retracement level of $0.106. It may soon fall below the 23.6% FIB extension level of $0.098. Thus, as of now, the bears seem strong. We can expect the price downtrend to continue today and tomorrow.
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