In this Harmony technical analysis, we will examine the current price action, trading volume, key levels and indicators for ONE-USDT. Harmony (ONE) is a fast and secure blockchain platform that enables decentralized applications and cross-chain interoperability. Its novel consensus algorithm, called “Absolute Consistency,” ensures the integrity of the network and allows for seamless transactions. With ONE, developers can build and deploy dApps with ease, creating a thriving ecosystem of decentralized services.
Harmony Price Overview:
As of May 16, 2024, Harmony is trading at approximately 0.01937 USDT. Let’s dive into the detailed price action for ONE-USDT:
| Metric | Value |
|---|---|
| Open (O) | 0.02018 |
| High (H) | 0.02052 |
| Low (L) | 0.01926 |
| Close (C) | 0.01937 |
| Volume (C) | 109,319,264.80 |
- Open (O): The opening price for today’s trading session was approximately 0.02018 USDT.
- High (H): Harmony reached a daily high of around 0.02052 USDT.
- Low (L): The daily low for ONE-USDT was approximately 0.01926 USDT.
- Close (C): At the time of analysis, Harmony is trading near its daily close of 0.01937 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | -4.06% |
| 3D Change (%) | 0.57% |
| 7D Change (%) | -8.33% |
| 30D Change (%) | -2.61% |
| 90D Change (%) | 12.88% |
| YTD Change (%) | 3.20% |
Over the past three days, ONEUSDT has risen by approximately 0.57%, showcasing increased market volatility. Throughout the last week, it continued to decline, with a loss of around -8.33%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with ONEUSDT maintaining a downward trend of approximately -2.61%, despite intermittent fluctuations. Examining the last 90 days, ONEUSDT has witnessed substantial rise of approximately 12.88%, reflecting strong long-term confidence. Year-to-date, ONEUSDT has steadily appreciated by around 3.20%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
Harmony Live Chart:
You can access a live price chart for ONE-USDT on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.
Price Volatility and Momentum:
- Volatility score is 0.71003.
- Momentum score is -0.08112.
ONE USDT Technical Analysis
Harmony Trading Volume:
The trading volume for Harmony (ONE) over the past 24 hours has been insignificant, with approximately 109,319,264.80 USDT traded against ONE. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.
Moving Averages:
- 50-day Simple Moving Average (SMA): ONE is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): Harmony is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for ONE-USDT is currently in the low zone, around 44.75224. This suggests that Harmony is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
Harmony (ONE-USDT) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Additionally, the low RSI and insignificant trading volume are low signals for potential downward movement.
Understand Harmony’s (ONEUSDT) challenges at 1.94e-02 USDT with detailed bearish technical analysis, highlighting weakened support and cautionary indicators.
Take the next step in your exploration by delving into our detailed insights on ONE BTC Harmony Technical Analysis; it’s a natural follow-up if you enjoyed this post.
Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.
Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.
Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.