$ONE USDT Analysis
#Harmony has shown strong bullish momentum by successfully breaking through the horizontal supply zone, signaling potential for further upside.
Key Observations:
🔹 Breakout:
The price action has decisively broken above a significant supply zone, a key resistance level, which now turns into support.
This breakout suggests strong bullish momentum with the potential for continued upward movement.
🔹 Ichimoku Cloud:
The Ichimoku Cloud is providing solid support, reinforcing the bullish outlook.
The cloud’s positive positioning signals that the momentum is likely to stay strong as long as price remains above it.
Important Levels to Watch:
Support:
The previous supply zone that has now turned into support, potentially holding price above for a continued bullish trend.
Resistance:
Watch for the next resistance levels once price continues its upward move; any consolidation could lead to further bullish action.
Next Steps:
1. Continuation of Bullish Trend:
Watch for the price to stay above the supply zone-turned-support, signaling the potential for a significant upward rally.
2. Pullback or Retest:
A retest of the support level could provide an entry for those looking to ride the next leg of the rally.
With solid momentum and cloud support,
$ONE appears set for a bullish rally, but always monitor for any signs of weakening. Stay vigilant! 🚀