The price of Harmony (ONE) has shown bullish signs and could be set for a major run against Tether (USDT) as it eyes $0.04. Ethereum price rallied with so much strength from a region of $1,670 to $1,924 ahead of Ethereum merge. This has brought relief bounces for many altcoins including the price of Harmony (ONE). Related Reading: Ethereum Price Forecast Remains Bullish As Network Nears Another Milestone Ethereum merge is an upgrade on the Ethereum network from Proof-Of-Work (POW) to Proof-Of-Stake (POS) so as to increase its network efficiency in transactions. (Data feeds from Binance) Harmony (ONE) Price Analysis On The Weekly Chart From the chart, the price of ONE saw a weekly low of around $0.0168, which bounced from that area and rallied to a price of $0.02950. The price has built more momentum as it faces resistance at $0.037. If the price of ONE on the weekly chart continues with this bullish structure, it could quickly revisit $0.037 and trend higher to $0.04. Weekly resistance for the price of ONE – $0.03. Weekly support for the price of ONE – $0.0168. Price Analysis Of ONE On The Daily (1D) Chart The price of ONE found strong support at around $0.0266, with what seems to be an area of interest on the daily chart. ONE bounced from its support and has rallied as it faces resistance at $0.04. The price of ONE ranged in an asymmetric triangle before breaking out and forming support above it. At the point of w...
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