Harmony is a blockchain network that facilitates the scaling of Ethereum applications and cross-chain finance. It is a sharding protocol with a cross-chain UNISWAP port built on the mainnet. ONE is the prime governance token of this network. The ONE technical analysis will reveal price momentum for the next two days.
<h2><b>Past Performance</b></h2>
The price movement was right on as predicted in the <a href="https://www.cryptoknowmics.com/news/one-tested-and-surpassed-the-level-of-0109-technical-analysis/">previous analysis</a>. On April 1, 2021, the opening price of ONE was $0.177. As of April 7, 2021, the closing price of ONE was $0.155. Thus, in the past week, the ONE price has declined by approximately 14%. In the last 24 hours, ONE has traded between $0.153-$0.177.

<img class="alignnone wp-image-193011" src="https://www.cryptoknowmics.com/news/wp-content/uploads/2021/04/ONE-300x182.png" alt="ONE Technical ANalysis" width="677" height="411" />

<a href="https://www.tradingview.com/x/76z80Ymr/">https://www.tradingview.com/x/76z80Ymr/</a>
<h2><b>Day-Ahead and Tomorrow</b></h2>
Currently, ONE is trading at $0.173. The price has increased from the opening price of $0.155. Thus, the market seems bearish.

The <strong>MACD and signal lines</strong> are positive. Moreover, a bullish crossover by the MACD line over the signal line has occurred. Thus, the overall market momentum is bullish. Hence, we can expect the price to go up further.

The <strong>OBV indicator</strong> is rising. Thus, buying volumes are higher than selling volumes. High buying activity will exert upward pressure on the price. Thus, the price is likely to increase further.

The <strong>RSI</strong> is presently at 60%. It has just fallen from the ‘overbought’ territory. Thus, the buying pressures are still on the higher side. It is a good time for day traders to go short. Hence, we can expect the price to go up further.
<h2><b>ONE Technical Analysis</b></h2>
As per technical analysis, currently, the price is inching closer to the second <strong>Fibonacci pivot resistance level</strong> of $0.176. It may soon surpass the third resistance level of $0.186, as the bullish forces are strong.

The price has tested and broken out of the <strong>23.6% FIB retracement level</strong> of $0.171. Thus, the price uptrend is strong, and we can expect it to continue today and tomorrow.

ONE Technical Analysis: Bullish Forces Are Strong Beyond $0.186

ONE has tested and broken out of the 23.6% FIB retracement level of $0.171. Thus, the price uptrend is strong and we can expect it to continue today and tomorrow.

Ankita is reading geek by birth, she loves to read and write about finance and now cryptocurrencies and blockchain since 2017. A Bitcoin enthusiast ever since, she likes to understand businesses and how they affect everything else. Ankita contributes on our news bulletin with the latest happening in blockchain, crypto and ICO market specifically.

ONE Technical Analysis: Bullish Forces Are Strong Beyond $0.186

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