Is Harmony (ONE) Trending Lower or Higher Wednesday?

Wednesday, July 27, 2022 08:11 AM | InvestorsObserver Analysts

InvestorsObserver gives Harmony a weak short-term technical score of 32 from its analysis. The proprietary scoring system considers the coin's trading history over the past month to determine the strength of its short-term technicals. ONE has currently traded better than 32% of coins based on these metrics. Investors focused on healthy recent trading patterns should find the short-term technical ranking system more relevant when making investment decisions.

InvestorsObserver is giving Harmony a 32 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Harmony!

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Trading Analysis

ONE is currently $0.003217 (19.51%) above its 30-day low of $0.016490396 and -$0.007700 (-28.09%) below its 30-day high of $0.02740793. Additionally, ONE is under its average price of $0.020902904 over the past month of trading with its current price of $0.019707707. Overall, the recent trading history of Harmony suggest that traders are currently bearish on the coin. Harmony's market cap of $242,789,203.94 is relatively average for a coin. The market valuation for Harmony is relatively average due to the largest 100 cryptos having a market cap above $1 billion and ONE sits underneath that mark but remains above $100 million in market capilization. Meanwhile, ONE's average volume is average with $200,571,474.47 worth of the coin traded over an average 24 hour period. The volume for ONE is relatively average as the most traded 100 cryptos have roughly $100 million worth of the crypto exchanged over a 24 hour period and a large portion of the market trades at least $5 million worth each day. Over the last 24 hours, ONE's volume is below its usual with $45,810,554.98 exchanged.

Summary

ONE's recent trading over the past month give it a weak short-term technical score as its recent price movement give traders reason to be more bearish on the coin in the short-term. Click Here to get the full Report on Harmony (ONE).