Harmony ONEUSD Market Overview

Generated by AI AgentAinvest Crypto Technical Radar
Wednesday, Sep 3, 2025 12:54 pm ET2min read
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Aime RobotAime Summary

- Harmony (ONEUSD) traded between $0.01007 and $0.01035, closing at $0.01016 after failing to hold key resistance.

- Technical indicators showed neutral RSI and weak bullish MACD, with price consolidating near 38.2% Fibonacci level.

- Volume spiked at $0.01026 and $0.01035 but low turnover suggested weak conviction, while Bollinger Bands indicated range-bound volatility.

- Key support at $0.01012-0.01016 and resistance at $0.01022-0.01035 remain critical for potential breakout or breakdown scenarios.

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ONEUSD
opened at $0.01007 and closed at $0.01016 after a 24-hour range of $0.01007 to $0.01035.
• Price consolidated near $0.01016 for much of the session, with a sharp dip in late-night trading.
• Volume spiked at $0.01026 and $0.01035, but turnover showed no corresponding strength.
• RSI remains in neutral territory, with MACD showing weak bullish momentum.
• Volatility expanded during the $0.01026 rally, but a key resistance at $0.01035 failed to hold.

Harmony (ONEUSD) opened at $0.01007 on 2025-09-02 12:00 ET and closed at $0.01016 on 2025-09-03 12:00 ET. The 24-hour range spanned $0.01007 to $0.01035, with a total volume of 216,445.2 and a notional turnover of $2,199.66. Price saw a late-night rally to $0.01035, but failed to consolidate above key resistance.

Structure & Formations

Price formed a bullish engulfing pattern at $0.01015–$0.01016, followed by a small bearish reversal at $0.01035 in the early hours. A doji formed at $0.01021–$0.01021, signaling indecision. Key support appears near $0.01012–$0.01016, with resistance at $0.01022 and $0.01035. A breakdown of $0.01012 could trigger further selling pressure.

Moving Averages

On the 15-minute chart, price remains below both the 20- and 50-period moving averages, indicating bearish bias. On the daily chart, the 50-period MA at $0.01015 and 200-period MA at $0.01012 suggest a sideways bias, with no clear breakouts expected in the near term.

MACD & RSI

The 15-minute MACD showed a weak bullish crossover at $0.01015–$0.01016, but momentum has since dissipated. RSI remains in the 50–55 range, showing no signs of overbought or oversold conditions. Price appears range-bound with no strong directional bias.

Bollinger Bands

Volatility expanded during the $0.01026 rally, with price reaching the upper band at $0.01035 before retreating. The bands have since contracted, indicating a potential period of consolidation. Price remains within the 2σ range, suggesting a lack of strong directional momentum.

Volume & Turnover

Volume spiked at $0.01026 and $0.01035, with the latter showing a volume of 143,336.8 and a close at $0.01035. However, turnover was relatively muted, suggesting weak conviction in the rally. The $0.01016–$0.01022 range showed moderate volume but no clear accumulation patterns.

Fibonacci Retracements

Key 38.2% and 61.8% Fibonacci levels for the $0.01007–$0.01035 swing are at $0.01016 and $0.01025, respectively. Price currently hovers near the 38.2% level, suggesting potential for a test of the 61.8% retrace at $0.01025 if buyers re-enter the market.

Backtest Hypothesis

Applying a mean-reversion strategy based on the 20-period moving average, traders could consider a long entry when price crosses above the 20SMA from below, with a stop-loss just below the recent swing low. Given the current consolidation near $0.01016 and the proximity to the 20SMA, a breakout above $0.01022 could confirm the setup. This aligns with the observed bullish engulfing pattern and may offer a short-term trade opportunity. A backtest of this strategy over recent 15-minute data could reveal its profitability in range-bound and trending conditions.