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ONE/USDT rose 0.37% over 24 hours, with a key 15-minute bullish engulfing pattern observed near 0.01110.
• Strong volume and turnover confirmed the morning rally, but price retreated to test key support at 0.01100.
• RSI showed overbought conditions during the peak, while
Bands indicated moderate volatility expansion.
• A 61.8% Fibonacci level at 0.01114 may serve as short-term resistance ahead of 0.01120.
Harmony (ONEUSDT) opened at 0.01096 on August 24 at 12:00 ET, reached a 24-hour high of 0.01155, and closed at 0.01108 by 12:00 ET on August 25. Total volume was ~92.3 million, with a notional turnover of ~$10.15 million over the 24-hour period.
Structure & Formations
Price formed a bullish engulfing candle at 0.01110 on the morning of August 25, signaling short-term buying pressure. However, a large bearish candle at 0.01118–0.01102 later in the session indicated profit-taking and a test of 0.01100 as key support. No significant doji or harami patterns were identified, but a bearish reversal formation may form if price closes below 0.01100.
Moving Averages
On the 15-minute chart, the 20-period and 50-period SMAs converged near 0.01105–0.01109, suggesting a potential continuation of the current consolidation. On the daily chart, the 50/100/200 SMAs were aligned near 0.01105–0.01110, with price currently above the 200 SMA, indicating a mildly bullish bias.
MACD & RSI
MACD showed a bearish crossover after the morning high, suggesting a slowdown in upward momentum. RSI peaked near 70, indicating overbought conditions, and has since corrected to 55–58, suggesting a potential equilibrium in the near term.
Bollinger Bands
Bollinger Bands expanded in the morning session, reflecting increased volatility, with price reaching near the upper band before retracting. Price has since moved back into the mid-channel, suggesting that the market is stabilizing. A breakout above the upper band or a close below the lower band would signal a shift in sentiment.
Volume & Turnover
Volume spiked during the morning rally, with turnover peaking at 18:30 ET and again at 22:30 ET, confirming the intraday price action. A divergence in volume was noted during the afternoon decline, suggesting reduced conviction in the bearish move. Turnover remains aligned with price, indicating consistent flow of liquidity.
Fibonacci Retracements
Applying Fibonacci retracements to the 0.01088–0.01155 swing on the 15-minute chart, the 61.8% level is at 0.01114, which has held as resistance in the past 24 hours. A break above this level may target the next Fibonacci level at 0.01120.
Harmony ONE/USDT appears to be consolidating after a morning rally, with key levels at 0.01114 and 0.01100 defining near-term direction. While the RSI suggests balance and volume supports recent price action, a break below 0.01100 could increase the likelihood of a deeper pullback. Investors should monitor these levels closely over the next 24 hours, with caution advised due to potential volatility in response to broader market sentiment.
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