Harmony (ONE) has seen a brutal last seven days. Although the coin has literally plummeted, we are beginning to see some recovery. These gains are temporary, but will we see a sustained rise in the next few days? Here’s some analysis, but first, some highlights:

• Harmony (ONE) had declined by over 20% over the last 7 days but has since pared some of those losses.

• At press time, the coin traded at $0. 1948, up by about 6% over the last 24 hours.

• For any bullish outbreak to come through, ONE must overcome the crucial resistance zone of $0.225.

Data Source: Tradingview

Harmony (ONE) – Price analysis and prediction

The daily 24-hour surge reported by Harmony (ONE) is quite robust. Despite being up 6 percent, the coin remains in red for the week despite a difficult 7-day period. Despite this increase, indicators indicate that ONE is still in bearish territory.

For starters, the coin is already below its 200-day SMA of $0.2. We will be watching to see if it can surpass that critical threshold. It must also surge above the $0. 22 resistance if we are to see a sustained bullish run. But if this doesn’t happen, Harmony (ONE) will fall back to its next support zone of $0.163.

Is it the right time to buy Harmony (ONE)

The crypto market crash we witnessed in January this year has meant that many coins have fallen further. ONE is no different. Investors who want to take advantage of the dip are in luck.

Besides, the fundamentals behind Harmony (ONE), are all very good. This is one token investors cannot afford to overlook when looking at the future.