The Harmony [ONE] The coin price tag demonstrated a sizeable recovery from the $.166 assistance degree. The technical chart displays 6 consecutive green candles with 45% development from final week. The price tag action is at this time retesting the $.33 resistance and crypto traders need to wait for a bullish breakout to set off an ideal entry signal.
Main technical factors:
- One particular coin displays a V-shaped recovery in its price tag
- One particular coin price tag is trading at $.323, with an intraday acquire of three,385
- Harmony coin’s 24-hour trading volume is $358.eight Million, exhibiting a 72.five% boost.
Previously when we talked about an short article about harmony coins, the pair is trying to recover from the November 2021 correction. However, the price tag failed to conquer the $.33 resistance, major to a prolonged retracement.
The coin price tag misplaced extra than half of its worth and dropped to the $.sixteen assistance. The price tag invested just about two weeks swinging at this assistance region ahead of commencing a recovery phase.
This new rally broke over the twenty and 50 EMAs, regaining the bullish bias in between the significant EMAs. The day by day Relative Strength Index (69) confirms the coin’s underlying bullish bias. Slope lengthen distance with twenty-SMA
twenty EMA presents dynamic assistance for One particular Coin price tag trend
The parabolic rally in Harmony coin is obtaining solid assistance from twenty Ema. The coin price tag has doubled from the $.166 bottom assistance and is approaching the $.33 resistance, hoping for a bullish breakout.
Breaking by way of this overhead resistance, crypto traders can seize a extended-phrase entry chance, which will resume the uptrend and quickly challenge the all-time large resistance of $. ,38.
Traditional pivot ranges demonstrate critical resistances at $.319 and $.348. Furthermore, the assistance ranges are at $.27 and $two. The Moving Average Convergence Divergence displays that the two the signal and the MACD are moving in direction of the overbought zone with a healthful gap maintained. solid in between them.