TL;DR Breakdown
- Harmony price analysis is bullish today.
- Resistance for ONE/USD is present at $0.301.
- Support for ONE/USD is found at $0.280.
The Harmony price analysis proclaims high bullish gains. The token has rallied high since yesterday as it rallied from $0.237 to $0.250, and today again, it rallied from $0.250 to $0.293, covering a good range upwards. The crypto pair was continuously marking lower highs from 8th November onwards, and today’s spike though quite high, is just near the price cap of 15th November. If the price closes above this level, then it will be a first higher high for the token since 8th November; otherwise, a continuation of the downtrend the token has been following after 28th October.
The next resistance for ONE/USD is at the $0.301 mark, where it may face some market pressure. In contrast, support for the token is present at the $0.280 level.
ONE/USD 1-day price chart: Bulls making magnificent progress
The 1-day Harmony price analysis shows the bulls have covered a good range upwards of $0.250 as the token is trading at $0.293 at the time of writing, gaining 16.6percent value over the last 24 hours and 3.60 percent value over the past week, as the token’s price trend line is downwards overall, and today’s spike helped it gain some value over the broader weekly picture. The trading volume also shows an increase by a little more than 14 percent, and the market cap has also gone up by 17 percent.
The volatility is mild for ONE/USD, with the upper Bollinger band at the $0.319 mark representing resistance and the lower band is at $0.243. The mean average of the indicator is present at the $0.281 mark representing support for the crypto pair.
The moving average (MA) is trading at the $0.268 level below the price level, as the price traveled above MA today, marking a bullish crossover. The relative strength index (RSI) is on an upwards trend in the upper half of the neutral zone at index 54, indicating more and more buying activity going on in the market.
Harmony price analysis: Recent developments and further technical indications
The 4-hour Harmony price analysis shows the price is on an upward trend from the last 36 hours, and only corrected for four hours in between and continues upside till now as the ONE/USD has now touched $0.293.
The ONE/USD is also reaching the oversold position as the RSI is trading at index 69 on the 4-hour chart, just below the border of the oversold zone. The volatility is also increasing on an hourly basis as the ONE/USD price has traveled up from the almost mid-center of the Bollinger bands indicator towards the upside of the upper limit of the indicator bypassing the upper limit at $0.284 and turning it from resistance into a support level.
The technical indicators for Harmony are also supporting the bullish side, as there are 17 technical indicators favoring bulls, and only one technical indicator favors the bearish side. The remaining eight technical indicators stand neutral out of a total of 26 technical indicators.
Harmony price analysis: conclusion
The Harmony price analysis is highly bullish today, as the bulls have shown some promising results today, making the highest spike in price since 26th October. However, to mark a higher high, the token must break past the $0.301 resistance, but selling pressure will be high at this point as the price is on an upward trend from the last 36 hours, which may result in bullish exhaustion, and ONE/USD may get capped in $0.270 to $0.286 range.
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