Harmony Price Analysis: ONE Investor missed a crucial round and failed to reverse the ongoing trend

• The Monero coin slipped below the conceptual round level and headed towards the $0.05 support level.
• The important daily exponential moving average is well above the current price of a coin.
• The ONE coin belonging to the bitcoin pair is trading at 0.000002048 satoshis, which is down slightly from 12.1%.

Harmony Coin has underperformed in recent weeks when Bears rejected ONE Coin in the supply zone (red), causing ONE Coin to fall back into the hands of short-sellers. Nonetheless, the coin displayed a double top configuration near an all-time high before to a strong selloff.

Over the past several days, ONE investor has continued to notice selloffs below the descending trend line on the daily price chart. During the sell-off, shareholders lost the crucial round level of $0.10, which has now turned to the most recent resistance.

At the time of writing, according to CMC, ONE Coin is trading at the $0.0778 mark, down by over 13.7% over the past 24 hours. Moreover, One Coin belonging to the bitcoin pair is trading at 0.000002048 satoshis, which is down a little over 12.1%.

Liquidation is progressively diminishing at Harmony Coin, however, the bears were too aggressive last night, according to the red volume bar. As a result of the short liquidation, the trading volume jumped by 77%.

RSI bounces back after dipping into oversold territory

The important daily exponential moving average is well above the current price of a coin on the daily price chart. The 100 EMA has been a strong defending point for the bears for a long time.

The daily RSI indicator is looking in an extreme bearish zone.

Conversely, the ADX indicator is moving higher and is showing highly volatile momentum for the Harmony coin.

Conclusion 

Harmony investors have lost the ideological round level of $0.10, and are slowly losing their grip on the crypto. But the RSI indicator has tested the oversold zone again, so every bounce could be a bullish indicator for ONE coin.

Support level- $0.07 and $0.05

Resistance level- $0.10 and $0.17

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 the financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.

At the time of writing, according to CMC, ONE Coin is trading at the $0.0778 mark, down by over 13.7% over the past 24 hours. Moreover, One Coin belonging to the bitcoin pair is trading at 0.000002048 satoshis, which is down a little over 12.1%.

Liquidation is progressively diminishing at Harmony Coin, however, the bears were too aggressive last night, according to the red volume bar. As a result of the short liquidation, the trading volume jumped by 77%.

RSI bounces back after dipping into oversold territory

The important daily exponential moving average is well above the current price of a coin on the daily price chart. The 100 EMA has been a strong defending point for the bears for a long time.

The daily RSI indicator is looking in an extreme bearish zone.

Conversely, the ADX indicator is moving higher and is showing highly volatile momentum for the Harmony coin.

Conclusion 

Harmony investors have lost the ideological round level of $0.10, and are slowly losing their grip on the crypto. But the RSI indicator has tested the oversold zone again, so every bounce could be a bullish indicator for ONE coin.

Support level- $0.07 and $0.05

Resistance level- $0.10 and $0.17

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 the financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.

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