Harmony (ONE) loved a good week. The coin managed to report double-digit features however regardless of this, it did not cross over a vital resistance zone. Nonetheless, we count on the coin to regain momentum and push additional upwards. Listed here are a number of the most essential developments:
Concord has confronted essential resistance at $0.18 within the final 7 days.
ONE was rejected a number of occasions at that threshold and has since pulled again.
It’s seemingly the coin will retest that zone once more this week and smash it within the course of.
Knowledge Supply: Tradingview
Concord (ONE) – the way it will get to $0.27
There is no such thing as a doubt that the crypto market is now turning bullish. After a really troublesome interval at first of the yr, it appears most cash have managed to get well, and the one manner is up. Nonetheless, though Concord has gained significantly, the coin has been rejected firmly at its 200-day SMA of $0.18.
In consequence, ONE seems to have misplaced a little bit of the upward trajectory. Nonetheless, trying on the value motion as we speak, the coin was consolidating at $0.16. It’s seemingly that ONE will lastly break previous $0.18 within the week forward.
As soon as this occurs, bulls will likely be in full management and are prone to take the coin in direction of $0.27 earlier than any pullback. This represents an upswing of practically 70% from the present value.
Why it is best to think about Concord (ONE)
Even with the current features, ONE nonetheless stays practically 60% from its all-time highs of $0.38. However the bullish momentum we’re seeing out there proper now makes the coin a good purchase for each short-term performs and long-term ones.
The important thing will likely be to observe how lengthy it takes for ONE to cross $0.18. As soon as this occurs, then count on a decisive uptrend that may ship double-digit features simply within the close to time period.