- Harmony price analysis is looking bearish for today, down by 9.8%.
- The price resistance was witnessed at 0.2345 USD, which remains unbroken.
- The price support at $0.24001 didn’t hold, as the coin is falling towards the $0.17027 major support.
Harmony price analysis is quite bearish for today as the coin has already fallen by more than 9 percent today. The highest price reached today remains at $0.23424 while the lowest prices differ. The current low stands at $0.20890, while the price of ONE token at the time of writing is $0.21119.
Considering the data by CoinmarketCap, the one-day trading volume for the token dropped by 54.35%, standing at 266 million USD. On the other hand, the coin’s market cap dropped by 11.51% and is currently at $2.2 billion.
Bitcoin is already on the course towards the $60k price level, finding support at the $56.6k price level. If the trend continues, higher prices are possible for cryptocurrency. If you want to know more, kindly look into our Bitcoin Price Prediction.
ONE price action in recent days
Harmony token (ONE) price in recent days has been quite bullish as the price of the token surged by 5.54% on 30th September, followed by 9.85% on 1st October.
Considering the first week of October, the prices rose by 2.13% on 4th October, 4.56% on 5th October, 7.47% on 6th October, finally rising by 5.15% on 11th October.
Harmony price analysis: Technical indicators are bearish
Harmony price analysis on the 4-hour chart shows that the technical indicators are bearish, but considering the long run, the price action is still above the 50-day and 100-day Moving Averages.
The Bollinger Bands show that the price action broke out from the upper end of the Bands a few days ago, but multiple red candles in the 4-hour chart brought the price action down. We can expect a breakout from the lower end of the bands.
Harmony price analysis can be done accurately using the RSI indicator that shows a price level below 50. If the sell-off continues, ONE token will continue to drop below the 40-level.
Furthermore, the MACD indicator shows that the signal crossed the blue line, indicating a bearish crossover. This means that in the short term, the price will remain bearish as the histogram turns red.
Harmony price analysis: Conclusion
Harmony price analysis is concluded on a bearish note for the short term as the bears have taken charge in the 4-hour chart. As Bitcoin continues to reach newer highs, altcoins continue to bleed.