Harmony (ONE) Gains Momentum, Targets $0.1 After Strong Support Hold

• Harmony (ONE) is trading within a historically strong accumulation zone, showing early signs of a potential bullish breakout.
• The MACD indicator signals a possible trend reversal, while RSI remains below neutral, indicating mild bearishness but room for growth.
• If ONE holds its support level and breaks resistance, analysts predict an upward move, with $0.1 as a realistic target.

Harmony (ONE) has re-entered its accumulation zone, a historically strong support level. This phase has provided a demand area where price movements tend to stabilize before a potential breakout. Market observers note that the slow recovery witnessed aligns with past trends, where ONE has rebounded multiple times from this zone before heading higher. The likelihood of an upward trajectory increases if the token successfully breaks out of this range.

The latest analysis from Alpha Crypto Signal highlights the importance of this accumulation phase. According to the report, breaking above the zone is crucial for maintaining a bullish outlook. If the breakout occurs, the price is expected to climb higher, with projections suggesting a potential move toward $0.1 within this market cycle.

Market Indicators Suggest Possible Uptrend

Technical indicators present a mixed outlook on ONE’s price movement. The MACD indicator is showing early signs of a bullish reversal, with the MACD line attempting to cross above the signal line. However, the histogram bars remain weak, indicating a lack of strong momentum at this stage.

Meanwhile, the RSI stands at 43.53, below the neutral 50 level. This suggests a mildly bearish sentiment but not an oversold condition. A rise above 50 could signal a strengthening bullish momentum. If buyers regain control, an upward trend may follow, reinforcing the positive expectations around ONE’s price action.

The price action hinges on whether the accumulation zone holds as support. If the support remains firm, ONE could mirror past rallies and move toward higher price levels. Breaking the resistance would confirm a bullish breakout, potentially leading to a strong uptrend.

Such price movement beneath this specified zone presents the potential for additional market declines. The market value of ONE tokens stood at $0.01616 when this article was published while the currency experienced a 4.04% rise in one day and a 12.92% increase in the last seven days.