ONE Technical Analysis: Bulls Surpass The Resistance Trendline

ONE coin price sustains above $0.12 after showing rejection from $0.10. Moreover, the reversal breaks above the steep resistance trendline. The ONE coin price sustains above the $0.12 mark with the 16% lower price rejection from $0.10. The rejection leads to a bullish rally of 20% in the past 36 hours as it breaks above the long-coming resistance trendline. Will the upcoming rally surpass the $0.16 mark? Key technical points: ONE price action breaks above resistance trendline The RSI slope surpasses the 14-day average The 24-hour trading volume in the ONE token is $223 Million, indicating a 10% rise. Past Performance of ONE ONE coin price creates a morning star pattern near the $0.12 mark, with a long tail formation ranging from $0.10. Following the morning star, the altcoin price breaks above the steep resistance trendline generated by the previous lower high formations. The ongoing rally may shortly reach the $0.18 mark. Source-Tradingview ONE Technical Analysis The ONE coin price shows a bullish continuation after the resistance trendline breakout with the surge in buying pressure. However, a retracement to retest the trendline breakout is possible. The altcoin price shows a death cross in the daily chart as the 50-day EMA falls below the 200-day EMA. Moreover, the falling 100-day EMA increases the chances of another bearish crossover. Therefore, the EMAs can provide dynamic barriers to bullish attempts. The Stochastic RSI ...