The ONE coin price shows a bearish downfall taking down the multiple support levels as the selling pressure increases. Should you expect a reversal soon?

Under the influence of a death crossover, the ONE coin price falls below the $0.85 zone resulting in the head and shoulder fallout. The neckline breakout dives below the $0.74 support level and hits the $0.65 mark. Will the downtrend continuation reach $0.50?
<h2>Key technical points:</h2>
<ul>
 	<li>ONE coin price breaks the $0.85 support zone.</li>
 	<li>The EMAs give a death cross in the daily chart. </li>
 	<li>The 24-hour trading volume in the Harmony token is $202 Million, indicating a 58% rise. </li>
</ul>
<h2>Past Performance of ONE</h2>
The ONE token price fails to rise above the 50-day EMA and the $0.21 mark, resulting in a downfall below the 200-day EMA. The decline continues to dive deeper with the breakout of $0.16 and $0.12. Hence, the increased selling pressure is evident by the fracture of multiple support levels in the last month. 

<img src="https://s3.tradingview.com/snapshots/j/J60zalfR.png" alt="TradingView Chart" />

Source-<a class="editor-rtfLink" href="https://www.tradingview.com/x/J60zalfR/" target="_blank" rel="noopener">Tradingview</a>
<h2>ONE Technical Analysis </h2>
The ONE coin price correction phase shows a non-stop rally as the multiple support levels fail to halt the downfall. However, the next support level at $0.10 and $0.082 mark can help bottom creation.

The crucial 50, and 200-day EMAs showcase death cross in the daily chart as the bearish continuation continues. Moreover, the 100-day EMA continues to downfall to give a bearish crossover with the 200-day EMA.

The RSI Indicator slope enters the oversold with the lower low formation after failing to surpass the central line. Hence, a reversal can be observed shortly from the next support level. 

The MACD indicator shows that the fast and slow lines maintain a negative trend below zero values. Moreover, the MACD histograms continue the negative trend in the daily chart. 

In short, the ONE technical analysis projects the idea of reversal from the next support at $0.082.
<h2>Upcoming Trend</h2>
The ONE coin price shows the bearish trend continuation as the overall crypto market is undergoing correction. Therefore, the anticipation of the upcoming trend remains bearish with the possibility of $0.10. However, a reversal near the $0.082 is possible as the RSI indicates the oversold nature of the token.

Support Levels: $0.10 and $0.082

Resistance Levels: $0.12 and $0.16

ONE Technical Analysis: Bearish Divers Enter Deep Waters Below $0.12

The ONE coin price shows a bearish downfall taking down the multiple support levels as the selling pressure increases. Should you expect a reversal soon?

Vikram is a technical analyst with several years of experience in the crypto market &amp; Indian Equity and F&amp;O Segment. He loves to learn anything and everything related to finance. He possesses strong technical and analytical skills, which he leverages to acquaint our audience with upcoming price trends for different coins.

ONE Technical Analysis: Bearish Divers Enter Deep Waters Below $0.12

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