Harmony’s price broke free after 896 days of steady consolidation and range-bound trading.
A triple bottom breakout confirmed the shift as buying pressure pushed prices above resistance.
The price now aims for the major supply zone at $0.31915 as momentum builds in the market.
Harmony’s cryptocurrency, $ONE, has confirmed a strong breakout following 896 days of price accumulation, signaling a bullish reversal. Technical analyst Alex Clay shared the development, showing the price breaking free from a triple bottom pattern. The breakout now opens a path for $ONE to potentially rise toward a supply zone located at $0.31915.
Source: Alex Clay
For nearly two and a half years, Harmony’s price remained locked within a narrow range as buyers quietly accumulated. This prolonged period of consolidation created a solid base, where prices repeatedly tested support without breaking lower. The breakout from this phase signals a change in market behavior as buyers take control, breaking above the previous resistance, also known as the neckline.
Triple Bottom Pattern Breakout Validated
The Triple Bottom pattern is a widely known technical signal used to predict the reversal of a downtrend. This formation occurs when a price tests support three times while failing to move lower. Each attempt to break below the support shows reduced selling pressure and increasing buyer confidence.
In Harmony’s case, the pattern started forming over the 896-day accumulation period. The three lows at similar levels created a clear support zone, while the neckline acted as the final resistance. Breaking above this neckline is often seen as confirmation of a trend reversal, and in this instance, it has signaled a shift for $ONE.
According to Alex Clay, the breakout marks an important technical event for Harmony. Traders often consider such moves as opportunities for upward price momentum, particularly when supported by longer accumulation phases. The length of the consolidation adds strength to the breakout, which suggests that further upward movement is possible as the market gains confidence.
Supply Zone at $0.31915 Stands as Key Target
Following the breakout, the next key area for Harmony’s price lies at $0.31915, which represents a major supply zone. Historically, this level has acted as a strong resistance where sellers stepped in and prevented further price growth. Reaching this zone would mark a significant recovery for $ONE after an extended period of stagnation.
The supply zone is a critical area on the chart where buying pressure often meets resistance from sellers who take profits. If Harmony can maintain its current momentum and overcome this challenge, it could attract more attention from traders and investors. Alex Clay’s analysis indicates that $0.31915 is now a realistic target based on the strength of the breakout.
Investors and traders will closely monitor price movement as Harmony approaches this zone. Any slowdown or resistance near the supply zone could test the strength of the upward momentum. However, breaking through this level could mark a major turning point for $ONE and bring renewed optimism to the market.
Growing Momentum and Market Sentiment
The breakout has already shifted market sentiment around Harmony, which had been neutral during the prolonged accumulation phase. Confirmed breakouts like this one often lead to a surge in interest as new participants enter the market. Traders are now watching how $ONE performs at intermediate resistance levels as it moves closer to the supply zone.
Source: CoinMarketcap
The question that remains is whether Harmony can sustain its momentum and successfully test the critical $0.31915 level. Price action in the coming days will be important as investors look for consistent signs of upward movement. The long accumulation phase suggests strong underlying support, which could help sustain the breakout if market conditions remain favorable.
Alex Clay’s analysis provides a clear path forward for Harmony, supported by the confirmed breakout from the Triple Bottom formation. The chart shows a bullish reversal, and the focus is now on whether the market can carry $ONE higher toward its next target.
