At the time of writing ONE is being traded at the price of $0.2696. The price of ONE has increased by almost 6.96% in the past 24 hours. The daily trading volume has also increased by almost 37.83% in one day. ONE is listed on coinmarketcap at 60th spot according to market capital and has a market dominance of about 0.11%.
ONE has a total supply of around 13B tokens and has a circulating supply of around 10.80M coins. ONE can be traded at a lot of different exchanges such as Binance, KuCoin, Huobi with different trading pairs.
Technical Analysis – Harmony
One for the past 4 months has been extremely bullish with a gain of 102% only in the last month. As the price was way overbought so a push down was expected. The price is actually doing that and it seems like it would do more.
Moving to the weekly time frame, Harmony (ONE) unfolded a pole flag pattern which ended just now as both the impulsive legs were almost the same and now the price is correcting itself.
Jumping to the daily time frame, as being price still in a bullish structure so buys are preferred. Recently price broke structure to the upside, but its origin remained unmitigated, the above one seems to get induced as the demand is not much stronger while the below one at $0.18173. the demand is very powerful which can serve as a reaction zone for the price. Now as the price is pushing down, its creating liquidity to the topside, which can drive the price upwards and can serve as a confluence to the topside.
A possible long can be taken from there. Invalidation of this scenario would be the price closing above the structural shift which would result in the price breaking above the trend line. In this scenario, a long can be taken on a possible retest of the trend line which is currently being respected by Harmony (ONE).
Price Prediction
Harmony (ONE) is one of the highest used blockchains as it helps the creation of dApps really easily. As a result, it is considered a good investment. According to wallet investor ONE is expected to reach a value of $0.185 in one year. In five years ONE is expected to reach almost $0.448. But investors think that the price will go much higher than the one which is expected.
