In Harmony ONE Technical Analysis 2021, we use past statistics, price patterns, RSI, and much other information about ONE to analyze the future movement of the cryptocurrency.
Harmony is a blockchain platform for decentralized applications. The production mainnet supports 4 shards of 1000 nodes, creating blocks in two seconds. The network aims to create an open node network operated and managed by a large community. This node community is called Pangaea. The platform implements a Proof-of-Stake (EPoS) protocol, which helps to reduce centralization and increase transaction speed.
According to the project’s website, Harmony is expected to launch cross-shard contracts and cross-chain infrastructure by the end of 2021.
Harmony Coin (ONE) Current Market Status
According to CoinGecko, the ONE price is trading at $0.083 with a 24-hour trading volume of $42,930,852, at the time of writing. However, ONE has decreased by 3.3% in the last 24 hours.
Moreover, ONE has a circulating supply of 10,195,178,970 ONE. Currently, ONE trades in Binance, Huobi Global, HitBTC, Bitcoin.com Exchange, and Gate.io.
Harmony ONE Technical Analysis 2021
The recent development and upgrades might push Harmony Coin (ONE) to reach new heights. Now, let’s deep dive into the Harmony ONE technical analysis 2021. The daily time frame chart of Harmony (ONE) is shown below.
The bullish channel is a chart continuation pattern. This pattern is formed by two parallel bullish lines. In addition, the price moves between these two parallel trend lines. Even more, the top trend line is called the resistance line, and the lower trend line is said to be the support line.
Harmony Coin (ONE) RSI, RVOL, and MA
The below chart shows the Relative Volume (RVOL) of ONE. Generally, Relative trading volume is a trading indicator, which is mainly used by day traders and compares the current trading volume with the usual trading volume in the past. Notably, in the last 30 days, it is found that the RVOL stays three times above the cut-off line making a Higher RVOL. Currently, the RVOL stays below the cut-off line which indicates the Lower RVOL.
Now let’s look at the relative strength index (RSI) of ONE. As shown in the above chart, RSI remains at 43. This shows that ONE’s price is in a nearly oversold state. However, this shows that major price reversal could occur in the upcoming days. So, traders need to trade carefully.
ONE’s Moving Average (MA) and Exponential Moving Average (EMA) is shown in the chart below. MA is also part of technical analysis that helps traders find trends.While EMA is a type of moving average.
From the beginning of 2021, it is clear that the ONE price has shown many bullish patterns. Furthermore, taking all these into account, ONE could have a competitive market in 2021.
With the ongoing developments and upgrades that are taking place within the ONE platform. The cryptocurrency ONE has a fantastic future ahead in this crypto market. However, it is possible to see ONE reaching new heights.
Bullish Harmony ONE price prediction 2021 is $0.222. As said above, it may reach great heights, however reaching $0.5, if investors have decided that ONE is a good investment in 2021.
Harmony is a blockchain platform designed to promote the creation and use of decentralized applications (DApps). Its native coin is ONE.
ONE is listed on many cryptocurrency exchanges that include Binance, Huobi Global, HitBTC, Bitcoin.com exchange, and Gate.io. It is available for trading against crypto fiat coins, stablecoins, and other cryptocurrencies.
With the ongoing developments and upgrades within the ONE platforms, it has the high possibility of reaching itx ATH soon.
Disclaimer: The opinion expressed in this chart solely author’s. It does not interpreted as investment advice. TheNewsCrypto team encourages all to do their own research before investing.