Market Overview for Harmony (ONEUSD): 24-Hour Price Action and Key Levels

• Harmony (ONEUSD) closed at 0.01013, down from 0.01016 at 12:00 ET-1, with limited price movement and low volume.
• Price remained consolidated in a narrow range, with no strong momentum signals from RSI or MACD.
• Volatility expanded briefly late in the session, followed by a sharp pullback and bearish reversal at the 15-minute level.
• Notional turnover surged during the 18:45 ET-1 and 01:00 ET intervals, but volume remained subdued overall.
• A potential support level forms near 0.01004, while resistance appears at 0.01028 and 0.01030.

Harmony (ONEUSD) opened at 0.01016 on 2025-09-03 at 12:00 ET-1 and closed at 0.01013 on 2025-09-04 at 12:00 ET. The 24-hour high was 0.01030 and the low was 0.00996. Total volume was 16,638,749.8, and notional turnover amounted to 170.96 USD.

Structure & Formations

Price moved within a tight range for the majority of the 24-hour window, forming a bearish consolidation pattern that eventually broke to the downside late in the session. A bearish reversal candle was observed at 04:15 ET, with price dropping from 0.01026 to 0.01008. This candle appears to signal exhaustion in the bullish side and increasing bear pressure.

Key support levels were identified at 0.01004 and 0.00996, with resistance at 0.01013, 0.01024, and 0.01028. A notable bearish engulfing pattern was observed around 05:15 ET, and price remained below the prior high for much of the session. A doji candle emerged at 08:45 ET, indicating indecision before a minor rebound.

Moving Averages

On the 15-minute chart, price traded below both the 20-period and 50-period moving averages, indicating a short-term bearish bias. The 20SMA was at 0.01014 and the 50SMA was at 0.01017 as of 12:00 ET. On a daily basis, price appears to remain below the 50/100/200-day moving averages, reinforcing the bearish structure.

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MACD & RSI

The MACD crossed below the signal line early in the session and remained negative, suggesting bearish momentum. The histogram showed a slight increase in bearish strength around 04:15 ET and again at 08:45 ET. RSI remained below 50 for most of the session, confirming the bearish trend. A brief overbought signal was seen around 01:00 ET, but this quickly reversed to a neutral-to-bearish reading.

A potential oversold condition was observed at 0.01004, with RSI dipping below 30. While this could suggest a short-term bounce, the lack of follow-through volume and bullish momentum suggests this may not be a strong support level.

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Bollinger Bands

Price remained within the Bollinger Bands for most of the session, with a brief expansion observed between 18:45 ET-1 and 01:00 ET. The upper band reached 0.01030, and the lower band sat at 0.01002. As of 12:00 ET, price was just above the 20-period mean, suggesting a moderate bearish bias.

The volatility contraction observed between 02:00 ET and 04:00 ET suggests a period of consolidation ahead of a breakout. This may indicate a potential for further downward movement if bears continue to gain control.

Volume & Turnover

Volume was generally low throughout the session, with notable spikes at 18:45 ET-1 and 01:00 ET. These spikes coincided with price surges to 0.01030 and then a sharp decline to 0.01008. However, volume failed to confirm the strength of these moves, particularly during the rebound at 01:00 ET, where volume was low despite the price increase.

A divergence was observed between price and volume at 04:15 ET—price dropped sharply while volume remained relatively low, indicating a lack of conviction in the bearish move. Overall, the low volume suggests that the market remains in a waiting mode, with no clear direction emerging.

Fibonacci Retracements

Applying Fibonacci retracement levels to the recent 15-minute swing from 0.01026 to 0.01008, we find key levels at 0.01014 (38.2%), 0.01011 (50%), and 0.01008 (61.8%). Price is currently hovering near the 38.2% level, suggesting it may either consolidate further or continue the bearish trend.

On a larger scale, applying Fibonacci to the daily move from 0.01028 to 0.01002, we find the 38.2% retracement at 0.01013 and the 61.8% at 0.01009. These levels may provide additional support or resistance in the coming 24 hours.

Backtest Hypothesis

The backtesting strategy described involves a combination of RSI divergence and volume confirmation. In this scenario, a short signal is triggered when RSI shows an overbought divergence and volume fails to confirm the price move. A stop-loss is placed above the recent high, with a target at the next Fibonacci retracement level.

For Harmony (ONEUSD), the RSI overbought condition observed at 01:00 ET and the weak volume confirmation could suggest a viable short opportunity. The 0.01004 level appears to be a strong potential target, with the stop placed above 0.01013.

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