The broader crypto market is showing signs of a bearish trend, with many coins trading in the red zone. However, some altcoins have made great strides in the past 24 hours and have made double-digit gains attributed to buying pressure. ONE is among the best gainers in the market.
Harmony is trading at $0.131 at the time of writing after a 33.4% gain in 24 hours.
Harmony Price Analysis
In the past 24 hours, harmony’s gains have been some of the best this month, as the altcoin has managed to make a new monthly high. While the all-time high of $0.22 is still far off, the current strong buying pressure could boost harmony’s bull run, and it could achieve higher levels.
If the upswing progress, harmony will soon break out of the next resistance levels of $0.14 and $0.16. Buyers are accumulating their holdings on the coin; hence the upswing is a more likely outcome. If it manages to break past $0.18 in the coming days, the upswing towards$0.22 and beyond will be in play.
On the other hand, market support is weak, and various altcoins have been making losses. This means that ONE is only leaning on buying pressure to make its gains. If buyers decide to sell their holdings, we could see the altcoin retest the lower support of $0.10. If it retreats below this point, the bullish gains of the past 24 hours will be erased as the altcoin goes back to trading at $0.09.
The recent ONE rally comes as the Harmony network ventures into blockchain games through YieldGuild. YieldGuild has launched an incentive campaign that is now live on the Harmony network. The initiative is aimed at giving participants more ways of earning from their Harmony holdings.
Where to Buy Harmony
If you want to buy ONE, you can create a cryptocurrency exchange account on the following platforms:
You can buy harmony from eToro. eToro is one of the renowned cryptocurrency exchange platforms that gives you access to a wide range of cryptocurrencies and trading pairs. eToro also offers a copy trading feature that allows new traders to copy expert traders’ trading strategies.
You can also buy harmony from Huobi Global. This is one of the largest cryptocurrency exchange platforms. Huobi Global supports a wide range of cryptocurrencies and trading pairs and charges friendly trading fees and commissions.
Looking to buy or trade Harmony (ONE) now? Invest at eToro!
75% of retail investor accounts lose money when trading CFDs with this provider
Credit: Source link
