Harmony (ONE), Moderate Volatility and Falling Wednesday: Is it Time to Cash Out?

Wednesday, January 19, 2022 08:53 AM | InvestorsObserver Analysts

Harmony (ONE) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Wednesday, the crypto has dropped 5.13% to $0.2942121164.

InvestorsObserver is giving Harmony a 40 Volatility Rank. Find out what this means to you and get the rest of the rankings on Harmony!

See Full Report

Moderately Volatile

InvestorsObserver gives Harmony a moderate volatility rank of 40, placing it in the bottom 40% of cryptos on the market.

The Volatility Gauge tracks meaning that one day won't make or break its rank. ONE's moderate volatility reading pairs with a low reading on the Risk/Reward Gauge, meaning that the coin has moderate price swings and is well protected from price manipulation.

Harmony price is in a favorable position going forward. With support at $0.275851751950113 and resistance set at $0.310481305506555. This leaves Harmony with room to run before facing selling pressures.

What is a Coin?

A coin is a cryptocurrency that exists on its own blockchain. these are typically used for payments. Depending on the cryptocurrency, what those payments are used for may vary from general use in the Digital Money sub-class to more specific uses in some other sub-classes.