The project has been in decline since the Horizon Bridge hack. Recent price pumps seem more like a trap than genuine recovery, lacking trust and strong fundamentals.
Harmony Protocol
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This week on Harmonyš
š° @kingsandquests to launch an NFT marketplace š Binance supports our upcoming network upgrades š¤ /grok is implemented into ONE Bot š AIs Play God(se): #LLMtheism to transcend religion?
š„ @Crypto_LandDAO sponsors the @FlappyH1 weekly airdrop! š£ļø @kratos_harmony highlights ElizaOS as part of the 2025 roadmap š„ @2024_li shares the team's 2025 goals ā¬ļø @stse shares http://staking.harmony.one as a form of passive income on Harmony
š Current Price: $0.02989 (+10.42%) $ONE is showing strong bullish momentum and is poised for further growth.
Market Overview
24h High: $0.03144
24h Low: $0.02655
Trading Volume: 892.03M ONE (~$25.82M USDT)
Trend: Bullish short-term momentum.
Trade Setup
Entry Zone: $0.02950ā$0.02970
First Target: $0.03100
Next Target: $0.03150
Stop-Loss: $0.02800
Why Now?
$ONE has been making consistent gains and is now testing key resistance levels. The recent breakout could lead to a push toward higher targets. Volume indicates strong buying interest.
$ONE /USDT SKYROCKETS: BULLISH MOMENTUM IN FULL SWING ā JUMP ON THE ROCKET!
The $ONE /USDT pair is currently trading at 0.03224 USDT, reflecting an impressive increase of 11.63%. The chart indicates a robust upward trend, with the price continuously pushing higher. The 24-hour high is 0.03268 USDT, and the low is 0.02796 USDT, showcasing significant trading activity.
Overview: The market is experiencing strong bullish momentum, driving the price towards new highs. The current candlestick chart is set to a 1-hour timeframe, showing consistent price increases and minimal pullbacks, indicating a favorable environment for traders.
**Bearish Scenario:** If the price dips below 0.03180 USDT, it could signal a bearish pullback. - Targets: 0.03130, 0.03080, and 0.03030 USDT - Stop Loss: 0.03225 USDT
Market Outlook: Given the strong upward momentum and substantial trading volumes, ONE is well-positioned for further gains. Traders should remain vigilant and adjust their strategies to capitalize on potential breakout opportunities.
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The ONE/USDT market is seeing some exciting price action, with a recent surge of +11.19%. Letās dive into the key levels and potential targets for this pair!
This level represents the immediate resistance where ONE has faced some rejection recently. If the momentum continues, a breakout above $0.03250 could push the price higher.
šÆ Target 2: $0.03300
If the bullish momentum accelerates, $0.03300 is the next key level. This target aligns with a significant resistance zone, where we could see further upward movement.
šÆ Target 3: $0.03400
In the case of a sustained bullish trend, $0.03400 could be a potential target. A strong push above this level would indicate continued bullish sentiment and a possible rally towards even higher prices.
$ONE Alert for new trader Harmony (ONE) is a blockchain platform that has faced significant challenges, raising concerns about its security and management.
Security Incidents: ā¢ Horizon Bridge Hack: In June 2022, Harmonyās Horizon Bridge was exploited, resulting in the theft of approximately $100 million in cryptocurrency. The FBI later attributed this attack to the North Korean hacker group Lazarus. ļæ¼ ā¢ Staking Logic Vulnerability: In December 2023, a critical flaw in Harmonyās staking contract logic was exploited, leading to the unintended minting of over 146 million ONE tokens. This incident necessitated an emergency hard fork to address the vulnerability. ļæ¼
Total Value Locked (TVL):
Harmonyās TVL has experienced a significant decline. As of now, the TVL stands at approximately $2.87 million, reflecting a decrease in user confidence and platform utilization. ļæ¼
Active Developer Count:
The number of active developers on Harmony has diminished over time, indicating potential challenges in sustaining and advancing the platformās ecosystem.
Conclusion:
While Harmony aimed to be a leading blockchain solution, the combination of security breaches, declining TVL, and reduced developer engagement has led to skepticism regarding its future prospects.