Current Price: $0.03201 (+8.36%) | ONE/USDT Perp: $0.03197 (+8.26%)
Dear Harmony Investors,
We’ve seen significant movement recently, and it’s time to delve deeper into the technical landscape of Harmony ($ONE ). Following the consolidation phase, there are strong indications that a breakout may be on the horizon. Here's a closer look at what this could mean for the future of $ONE .
The Accumulation Phase Has Concluded
Over the past three years, Harmony has been in a consolidation phase, with price action hovering within a defined range. This period of accumulation has laid the groundwork for a potential bullish move. If you examine the weekly chart, it's clear that this long consolidation could signal the end of an extended accumulation phase.
What Does This Imply?
Consider this market behavior like a coiled spring—building tension until it’s ready to spring into action. Here’s what to expect next:
Supply Zone Breakout: The current supply zone, which has been a point of resistance for some time, has now been largely consumed. The next phase will likely involve a breakout above this zone. This could trigger a bullish surge in price.
Potential for a 200-300% Rally: A successful breakout could potentially lead to a significant rally, with some estimates suggesting a rise of 200-300%. This move could push the price toward the neckline area, an important technical level.
Second Supply Zone Target: Upon breaking through the immediate resistance, the next objective would be to consolidate above the second supply zone. This could set the stage for Harmony to reach the 84-cent area, marking a significant milestone for the asset.
Next Steps for Investors
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Final Thoughts
As we continue to monitor the price action of Harmony ($ONE ), the market seems poised for an exciting period of growth. However, it's important to remember that this is not financial advice—always conduct your own research before making investment decisions.
Stay tuned for more updates on Harmony and other promising cryptocurrencies.