- Harmony (ONE) struggles below key levels as selling pressure grows.
- A burst through $0.01800 would signal fresh bullish strength.
- Key support at $0.01000 may determine the next move.
The action in Harmony (ONE) against USDT on Binance is strong at important levels of support and resistance. The cryptocurrency has registered recurring patterns of rallies and corrections, with sharp fluctuations marking its action between mid-2017 and late 2025.
Market Structure and Momentum and Technical Analysis
The market is currently in a bearish trend, and recent price action shows selling pressure. Several levels of resistance and support are essential in deciding the direction of price action. Despite the continuous drop, key demand zones are still intact, halting further losses for the moment.
A close-up analysis by AltCryptoTalk confirms the presence of a bearish pattern, as several red weekly candles accumulate downward pressure. Market rejection is indicated through candlestick wicks at important resistance levels, claims AltCryptoTalk. A period of consolidation preceding a resurgence could ensue if the price maintains support above $0.01000. Breakdown below the level, however, may trigger additional losses.
Source: AltCryptoTalk
AltCryptoTalk highlights that a breakout above $0.01800 confirmation would be a reversal, marking fresh bullish momentum. The trading pattern is highly volatile, and history has proven that long consolidations have been followed by significant price recoveries. This makes the prevailing price zone a zone of interest to market players.
Key Resistance and Support Levels
According to AltCryptoTalk, late 2023 to early 2024 witnessed a sharp rally to a high of approximately $0.04500 for ONE. However, resistance at $0.02700 forced a reversal, and the price dropped. Correction afterward pushed the price down to the $0.01800 support level, where a short-term bounce happened before further decline.
It is from AltCryptoTalk that mid-2024 is when the bearish momentum gained traction, dipping below the $0.01800 level. There was persistent selling pressure that took ONE’S price towards $0.01000, which is historical support.
He continues by explaining that this level has managed to repel more decline in the market in the long term. In his view, the most powerful resistance levels are $0.02700, $0.02500, and $0.02000, while the most powerful supports are $0.01800, $0.01000, and $0.00800.
