Market Overview: Harmony (ONEUSDT) 24-Hour Technical Summary

• Harmony (ONEUSDT) surged 1.8% in 24 hours, driven by volume expansion and bullish momentum.
• A bullish engulfing pattern emerged near $0.01113, suggesting short-term support.
• RSI climbed to overbought territory, hinting at potential pullback or consolidation.
• Volatility expanded as price broke above the 20-period MA, indicating growing buyer interest.

Harmony (ONEUSDT) opened at $0.0112 at 12:00 ET−1 and closed at $0.01159 by 12:00 ET today, with a high of $0.01159 and low of $0.01113. Total volume reached 65.6 million tokens, while notional turnover hit $7.6 million over the 24-hour window.

Structure & Formations

Price carved a bullish reversal pattern around 19:30–20:30 ET, with a strong engulfing candle forming at the $0.01113 level. This level appears to have acted as a psychological floor, and subsequent buying pressure pushed price above the 20-period moving average, currently at $0.01136. A descending triangle formation from $0.0112 to $0.01113 resolved with a breakout, suggesting a short-term continuation higher is likely.

Moving Averages

The 20-period MA on the 15-minute chart shows strong upward momentum, currently aligned with the 50-period MA. Price action suggests the 100-period daily MA at $0.01128 may become a short-term resistance level as buying interest slows. On the daily chart, the 50-period MA is at $0.01123, with price above it, indicating a longer-term bullish bias.

MACD & RSI

The MACD crossed above zero in the last 6 hours, confirming a shift in momentum to the bullish side. RSI peaked at 69 in the last 4 hours, indicating overbought conditions and hinting at a possible short-term pullback to 56–59 before further upside potential. The divergence between price and RSI remains minimal, so continuation is still probable.

Bollinger Bands

Volatility expanded sharply during the breakout phase, with price reaching the upper band at $0.01159. The bands have widened from a narrow contraction earlier in the day, suggesting increasing market participation. As of 12:00 ET, price sits just below the upper band, which could become a short-term ceiling for near-term buyers to test.

Volume & Turnover

Volume surged during the 04:00–07:00 ET period, coinciding with the most aggressive buying phase. The total notional turnover of $7.6 million is 18% higher than the 30-day average. No major price-turnover divergences were observed, and the volume profile supports a continuation above $0.0115.

Fibonacci Retracements

On the 15-minute chart, price recently tested the 61.8% retracement level of the $0.01113 to $0.01159 move at $0.01145. This level coincides with the 20-period MA, reinforcing its importance. On the daily chart, the 38.2% retracement of the $0.01100 to $0.01160 range is at $0.01125, where price may find initial resistance before testing $0.01145.

Harmony appears well-positioned for a short-term continuation above the 20-period MA, with key resistance at $0.01159 and support at $0.01145. Traders may watch for a test of the upper Bollinger band and a potential pullback into the 38.2% Fib level. However, a drop below $0.01128 could trigger a retest of the $0.01113 floor.