Harmony Price Analysis: ONE Token Price Gains Overwhelming Bullish Momentum

  • ONE Token price has grown up to 30% in the past 72 hours with superficial growth in underlying bullishness.
  • The trading volume has risen by 45% in the past day as it stands at $540 Million.
  • The pair of ONE/BTC is trading at 0.000005127 BTC with an intraday move of +16.60%

ONE Token price action makes multiple bullish engulfing candlesticks in the 4-hour chart. Moreover, the boom in intraday trading volume showcases the flood of buyers interested in the Token. Hence, the strength of underlying bullishness is extremely strong.

Pivot point analysis has shown that the resistance levels of the Token are at $0.36, following $0.42. However, if the price drops below the support trendline, sellers could face resistance at $0.25 and $0.22.

ONE Token trades for $0.3083 and has experienced a 14.92% rise in market capitalization within 24 hours. In addition, the intraday trading volume increased by 45% over the last day.

ONE Token in the Daily Chart.           

The daily chart’s one token price action forms a bullish engulfing candlestick after the indecisive Doji candle in the previous session. Hence, the strength of the uptrend is growing significantly. 

Investors can soon see the price rise higher to $0.50 if the uptrend sustains the volume growth. Traders can find entry opportunities at the 20-period dips in the 4-hours chart.

The RSI indicator teases the rise in underlying bullishness as the slope enters overbought territory and trades at the 73% mark in the daily frame. 

The MACD indicator displays the MACD and signal line climbing higher in the positive zone in the daily chart. Moreover, the bullish alignment of the sequences generates a buy signal. 

Conclusion: ONE Token price indicates a boom in underlying bullishness with the recent bullish engulfing candlestick. Hence, investors can expect the tokencoin price to touch the $0.5 mark shortly if the trading volume sustains.

Support – $0.25 or $0.22

Resistance – $0.36 and $0.42

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