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Harmony rally may not be over yet

 


Harmony (ONE / USD), a token that has piqued the interest of many investors in less than a month due to its recent surge of over 100%, could rally even further. Investors who missed the previous rally needn't worry as there could be a new rally soon. Harmony is an open and fast blockchain, on whose main network Ethereum applications run with a 2-second transaction validity and 1000 times lower fees. Harmony is an open platform for assets, collectibles, identity and governance. Their secure bridges provide cross-chain asset transfers with Ethereum, Binance, and three other chains. For this reason, many investors see enormous potential in One.

Investors enjoyed a very strong rally in One last month, with One up over 100%. This could just be the beginning of this rally. One has fallen more than 15% in the past few days but this could only be a brief setback before One resumes its bullish move. So investors need to be patient and wait for the right time to get involved. One is only 30% away from a new all-time high and given the momentum the price has shown in the past, a new record high could soon be reached. So should you buy One before it goes back up?

  • One is down over 15% after a sharp rally last week but is now trading at key support.

  • Strong support can be seen at $ 0.263, which is also in line with the Fibonacci level at 0.618. One hit the support at 0.618 in early December before continuing to rally. It looks like there will be a similar movement again.

  • Investors can enter as soon as there is a clear reversal with the aim of a new all-time high, but a stop loss must be kept below the support zone.

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