Harmony price analysis: ONE coin sees in a limited market, investors are confused in this area

  • The Harmony coin is trading in a horizontal range between the support and resistance levels of $0.023 and $0.030.
  • Harmony coin (A) is trading below the middle band of the Bollinger Bands indicator on the daily price chart.
  • The price of the ONE/BTC pair is down 3% at 0.000001163 satoshis.

Harmony Coin has underperformed in recent weeks as the bears rejected ONE Coin in the $0.20-$0.17 range, putting ONE Coin back in the hands of short sellers. Conversely, when sellers create a double top on the daily price chart, bulls are irritated by market volatility.

For several days, the Harmony currency traded in a horizontal range between the support and resistance levels of $0.023 and $0.030. At the time of writing, Harmony coin is trading sideways at $0.0249 during the intraday trading session.

Recently, the bears noticed a 52-week low at $0.02257 as buyers barely managed the altcoin above this support zone.

Additionally, the market valuation fell to $3.4 million, down 3.1% in the past 24 hours, according to CMC. Similarly, the bitcoin pair associated with the Harmony token is down 3% at 0.000001163 satoshis.

The RSI indicator shows the sideways trend

Harmony coin (A) is trading below the middle band of the Bollinger Bands indicator on the daily price chart. Meanwhile, a room at the bottom of this low indicator is an important rebound area for bulls.

With the RSI indicator moving sideways looking just above the oversold area, the indicator shows sideways movement for Harmony coin.

Conclusion

As Harmony (ONE) traders in the horizontal range, the bulls and bears are barely trying to dominate the altcoin trend. This range breakout will define another directional move.

Technical levels:

Support level – $0.02 and $0.01

Resistance level – $0.30 and $0.54

Disclaimer

The views and opinions expressed by the author, or anyone named in this article, are for informational purposes only, and they do not constitute financial, investment or other advice. Investing in or trading crypto assets involves the risk of financial loss.