Harmony (ONE) loved a good week. The coin managed to report double-digit positive aspects however regardless of this, it didn’t cross over a vital resistance zone. Nevertheless, we count on the coin to regain momentum and push additional upwards. Listed here are among the most essential developments:
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Concord has confronted essential resistance at $0.18 within the final 7 days.
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ONE was rejected a number of instances at that threshold and has since pulled again.
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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 12 months, it appears most cash have managed to get well, and the one method is up. Nevertheless, though Concord has gained significantly, the coin has been rejected firmly at its 200-day SMA of $0.18.
Consequently, ONE seems to have misplaced a little bit of the upward trajectory. Nevertheless, trying on the worth motion at the moment, 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 shall be in full management and are prone to take the coin in the direction of $0.27 earlier than any pullback. This represents an upswing of practically 70% from the present worth.
Why it’s best to think about Concord (ONE)
Even with the current positive aspects, ONE nonetheless stays practically 60% from its all-time highs of $0.38. However the bullish momentum we’re seeing available in the market proper now makes the coin a good purchase for each short-term performs and long-term ones.
The important thing shall 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 can ship double-digit positive aspects simply within the close to time period.