In this analysis, I want to review ONE, the token of the Harmony project. Harmony is one of the layer-1 blockchain networks and is considered one of the older crypto projects.
✨ The token currently holds a market cap of $205 million, ranking 198th on CoinMarketCap.
📅 Daily Timeframe
On the daily timeframe, as you can see, there is a large consolidation box between $0.01033 and $0.032724. In the last bullish leg, the price started from the $0.01033 low and moved up to the main resistance at $0.032724.
✅ It even broke above this level, reaching $0.04532, but was rejected and fell back into the range, turning this bullish move into a fake breakout.
⚡️ After returning to the range, the price first corrected to $0.02286. Once this level was broken, the next bearish leg pushed the price down to $0.01346. Currently, we are seeing a smaller consolidation box between $0.01346 and $0.01681.
🧩 Looking at the RSI oscillator, there is also a range between 37.05 and 50. A breakout in either direction could confirm the momentum for that direction. Naturally, a break below 37.05 would be a stronger confirmation for downside movement, as the market momentum is already bearish.
📊 If $0.01346 is broken, the price could move toward the bottom of the large range at 0.01033.If $0.01033 is broken, a new all-time low (ATL) is likely to be registered.
🔼 On the bullish side, if the $0.01346 support holds and the $0.01681 resistance is broken, we can expect the price to rally toward $0.02286 and possibly even $0.03274.
🛒 For spot buying, I prefer to wait until this coin shows strength against Bitcoin and Bitcoin dominance starts declining. My spot trigger is currently at $0.04532, and I will not enter a position before this level is broken.
⏳ 4-Hour Timeframe
On the 4-hour timeframe, the price remains within the same range as identified in the daily timeframe.
🔽 For a short position, if $0.01327 is broken, you can enter a short trade targeting the bottom of the range.
📈 For a high-risk long position, if $0.014825 is broken, you can target the top of the range, but this trade is very risky.The main long position will be confirmed if the price breaks above $0.01681.
🔑 Regarding indicators and oscillators, I don’t have much to say in this ranging market. Volume is also low, making it difficult to rely on momentum indicators in this sideways phase.
📝 Final Thoughts
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
✨ The token currently holds a market cap of $205 million, ranking 198th on CoinMarketCap.
📅 Daily Timeframe
On the daily timeframe, as you can see, there is a large consolidation box between $0.01033 and $0.032724. In the last bullish leg, the price started from the $0.01033 low and moved up to the main resistance at $0.032724.
✅ It even broke above this level, reaching $0.04532, but was rejected and fell back into the range, turning this bullish move into a fake breakout.
⚡️ After returning to the range, the price first corrected to $0.02286. Once this level was broken, the next bearish leg pushed the price down to $0.01346. Currently, we are seeing a smaller consolidation box between $0.01346 and $0.01681.
🧩 Looking at the RSI oscillator, there is also a range between 37.05 and 50. A breakout in either direction could confirm the momentum for that direction. Naturally, a break below 37.05 would be a stronger confirmation for downside movement, as the market momentum is already bearish.
📊 If $0.01346 is broken, the price could move toward the bottom of the large range at 0.01033.If $0.01033 is broken, a new all-time low (ATL) is likely to be registered.
🔼 On the bullish side, if the $0.01346 support holds and the $0.01681 resistance is broken, we can expect the price to rally toward $0.02286 and possibly even $0.03274.
🛒 For spot buying, I prefer to wait until this coin shows strength against Bitcoin and Bitcoin dominance starts declining. My spot trigger is currently at $0.04532, and I will not enter a position before this level is broken.
⏳ 4-Hour Timeframe
On the 4-hour timeframe, the price remains within the same range as identified in the daily timeframe.
🔽 For a short position, if $0.01327 is broken, you can enter a short trade targeting the bottom of the range.
📈 For a high-risk long position, if $0.014825 is broken, you can target the top of the range, but this trade is very risky.The main long position will be confirmed if the price breaks above $0.01681.
🔑 Regarding indicators and oscillators, I don’t have much to say in this ranging market. Volume is also low, making it difficult to rely on momentum indicators in this sideways phase.
📝 Final Thoughts
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
💥 Don’t Miss Out!
💰 Join the Telegram Channel Now:
t.me/FireHoseReelCrypto
🏆 Best Crypto Exchange: promote.mexc.com/r/QFghw8yb
🤵 Business Contact: t.me/FireHoseReel
💰 Join the Telegram Channel Now:
t.me/FireHoseReelCrypto
🏆 Best Crypto Exchange: promote.mexc.com/r/QFghw8yb
🤵 Business Contact: t.me/FireHoseReel
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
💥 Don’t Miss Out!
💰 Join the Telegram Channel Now:
t.me/FireHoseReelCrypto
🏆 Best Crypto Exchange: promote.mexc.com/r/QFghw8yb
🤵 Business Contact: t.me/FireHoseReel
💰 Join the Telegram Channel Now:
t.me/FireHoseReelCrypto
🏆 Best Crypto Exchange: promote.mexc.com/r/QFghw8yb
🤵 Business Contact: t.me/FireHoseReel
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.