Harmony Price Analysis: When Will ONE Token Retracement Phase End? Watch For These Crucial Support Levels.

Sunil Sharma
November 14, 2021 Updated November 15, 2021
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Price Analysis: Harmony Displayed A Death Cross While Spell Token Trades Restrictively

The technical outlook for ONE/USD indicates a strong uptrend in its chart. In this rally, the token has provided multiple entry opportunities through its minor retirement, and such same opportunity is currently knocking on the door for crypto-traders. Will history repeat itself?

  • The ONE token price has plunged to 0.382 Fibonacci retracement level
  • The ONE token’s daily RSI has shown a significant drop in its chart
  • The intraday trading volume in the ONE token is $96.1 Million, indicating a 20% loss.

TradingView Chart

Source- ONE/USD chart by Tradingview

The incredible rally of October month marked a New All-Time High for ONE token at $0.378. After this, the token entered into a retracement phase, which plunged the price to 0.382 Fibonacci retracement level.

However, if the token drops below this support level, the crypto trader can still maintain a bullish sentiment until the price sustains above the $0.217( 0.5 FIB level) and $0.18( 0.618 FIB level).

The ONE token in the daily time frame chart displays a bullish alignment of the crucial EMAs(20, 50, 100 and, 200). The token price is currently obtaining goos support from the 50 EMA line.

The Relative Strength Index value at 48 indicates a bearish sentiment for ONE token price. Moreover, the RSI line displayed a striking drop in its value for a minor retracement phase, suggesting weakness for the bull rally.

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ONE/USD Chart In The 4-hour Time Frame

TradingView Chart

Source- ONE/USD chart by Tradingview

The ONE token is currently hovering above the crucial support of $0.257. The price has a good chance of continuing its rally if it gets sufficient demand pressure from this level. The crypto trader could get a better confirmation for a long trade if the price reclaims the 20-day EMA line, which is currently under the bear’s control.

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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Sunil is a serial entrepreneur and has been working in blockchain and cryptocurrency space for 2 years now. Previously he co-founded Govt. of India supported startup InThinks and is currently Chief Editor at Coingape and CEO at SquadX, a fintech startup. He has published more than 100 articles on cryptocurrency and blockchain and has assisted a number of ICO's in their success. He has co-designed blockchain development industrial training and has hosted many interviews in past. Follow him on X at @sharmasunil8114 and reach out to him at sunil (at) coingape.com
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.