- Prices maintain a steady rise.
- Analysts predict a surge in the broader picture.
- Volume stays put at $5.7 million.
The Harmony’s native token, ONE, has gained resilience after the wrecking bridge hack. The market went downhill from mid-2022, with many hacks and fiascos. The year 2022 marked history in the crypto world with several disastrous events that slowed the market down. After a few months, it started to recover, and so did ONE. It has shown improvement in the past few months, followed by the genesis of a rise. Amid these turbulent situations, such kind of stability is palpable and keeps holders’ trust intact.
The char-t-ale
The market situation for ONE is observed to be improving. The prices form a wedge pattern with current action nearing the breakout. Prices have successfully reclaimed the 20-EMA, while the rest lie above it. If current prices of $0.0108 can sustain above the $0.110, a bullish breakout may occur. The flat volume and dropping OBV show a delayed rise in the prices.
The uptick in prices is seen in the rising CMF which escalates to the positive zone. The MACD records tall buyer bars showing buyers entering the market. The RSI rises to transform from sellers to buyers, for the prise rise.
4-hour POV
The smaller time frame suggests prices moving up the ladder. The CMF manages to hold up above the baseline and remain positive. The MACD shows buyers ruling the market with ongoing escalating interest. The RSI reaches the ceiling range, displaying the buyers’ dominance. Collective study signals the rise in prices to continue for a longer period and be suitable for long term investments.
Conclusion
The market reflects a stable market for ONE and its holders. It returns back without gaining much of the attention and shows possible price rally in the near term. The holders to watch for the breakout level $0.011 for further action.
Technical levels
Support levels: $0.0096 and $0.0081
Resistance levels: $0.018 and $0.019
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 financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Source: https://www.thecoinrepublic.com/2023/01/08/the-one-move-towards-rise-harmony-back-in-the-race/