$ONE
/USDT Market Update – Is Consolidation Building Momentum?
Current Price: $0.02420
24h Change: -3.70%
ONE/USDT is showing a mild recovery after bouncing from the critical $0.02315 support level. The price is consolidating within a narrow range between $0.02388 and $0.02429, potentially forming a base for the next move.
Key Levels to Watch:
Resistance: $0.02502 (recent high)
Support: $0.02315 (strong bounce level)
Observations:
The rejection near $0.02502 highlights resistance; however, a break above this level could trigger a rally to $0.02550 or higher.
Volume remains relatively subdued, suggesting traders are waiting for confirmation of the next move.
If the $0.02388 support holds, this could be an opportunity to build bullish momentum. Traders should remain cautious and adjust stop-loss levels accordingly.