Market Overview for Harmony (ONEUSDT)

• Price advanced 0.52% on the day, forming bullish momentum with a closing above 0.01088.
• A bullish engulfing pattern formed near 0.0108–0.01085, suggesting short-term support.
• Volume expanded in the late hours of August 20, correlating with price highs above 0.01106.
• RSI indicates moderate momentum, hovering near 55, with no overbought or oversold signals.
• Bollinger Bands tightened midday before a breakout toward the upper band, signaling increased volatility.

Harmony (ONEUSDT) opened at 0.01085 on August 20 at 12:00 ET, peaked at 0.01125, and closed at 0.01088 by 12:00 ET on August 21. Total volume was 98,325,391.4, with a notional turnover of approximately $10,637,271. The price action shows a moderate bullish bias as it managed to stay above key support near 0.0108.

Structure & Formations

Price tested and held above 0.0108 throughout the day, with a notable bullish engulfing pattern forming between 0.0108 and 0.01085 in the early hours of August 21. This pattern, combined with a failure to break below the 0.01073 level, suggests that 0.0108–0.01085 is a strong near-term support zone. On the upper end, resistance is forming near 0.01106–0.01108, where price stalled twice in the early morning hours.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed to the upside in the late hours of August 20, providing a bullish signal. The daily chart shows the 50-period MA at approximately 0.0109 and the 200-period MA at 0.01082, suggesting a potential continuation of the uptrend should price retest the 50-day level.

MACD & RSI

The MACD crossed into positive territory during the early morning hours of August 21, confirming bullish momentum. RSI has moved into the mid-range, currently at 55, which is neutral but indicates a lack of overbought conditions. While there is no immediate risk of a pullback from overbought levels, traders should watch for a potential RSI divergence if the rally falters near 0.01106.

Bollinger Bands

Volatility was relatively low until 03:15 ET, when price began to expand the Bollinger Bands. A breakout above the upper band occurred briefly at 0.01125, but this did not hold. Price currently resides within the bands, indicating a stable range-bound environment. Traders may watch for a potential retest of the upper band near 0.0111–0.01115 in the near term.

Volume & Turnover

Volume increased significantly between 03:15 and 05:45 ET on August 21, coinciding with price highs above 0.01106 and 0.01115. This suggests strong buying pressure at those levels. Notional turnover also saw a peak during this period, indicating solid conviction behind the rally. However, volume has since declined, which may indicate waning momentum if the rally continues.

Fibonacci Retracements

On the daily chart, the 61.8% Fibonacci retracement level is near 0.01095, which price tested and moved past. On the 15-minute chart, the 38.2% retracement level is near 0.01088, where price has held for much of the day. These levels may serve as potential targets or consolidation zones in the coming hours.

Harmony appears to be consolidating gains after a strong rally fueled by early-morning buying. Traders may look for a continuation of bullish momentum above 0.01085, with resistance near 0.01106. However, a breakdown below 0.0108 could trigger a short-term correction toward 0.01073. Investors should remain cautious of thinning volume and avoid overleveraging in the absence of a clear breakout.