ONE Technical Analysis: Bearish Divers Enter Deep Waters Below $0.12

The ONE coin price shows a bearish downfall taking down the multiple support levels as the selling pressure increases. Should you expect a reversal soon? Under the influence of a death crossover, the ONE coin price falls below the $0.85 zone resulting in the head and shoulder fallout. The neckline breakout dives below the $0.74 support level and hits the $0.65 mark. Will the downtrend continuation reach $0.50? Key technical points: ONE coin price breaks the $0.85 support zone. The EMAs give a death cross in the daily chart. The 24-hour trading volume in the Harmony token is $202 Million, indicating a 58% rise. Past Performance of ONE The ONE token price fails to rise above the 50-day EMA and the $0.21 mark, resulting in a downfall below the 200-day EMA. The decline continues to dive deeper with the breakout of $0.16 and $0.12. Hence, the increased selling pressure is evident by the fracture of multiple support levels in the last month. Source-Tradingview ONE Technical Analysis The ONE coin price correction phase shows a non-stop rally as the multiple support levels fail to halt the downfall. However, the next support level at $0.10 and $0.082 mark can help bottom creation. The crucial 50, and 200-day EMAs showcase death cross in the daily chart as the bearish continuation continues. Moreover, the 100-day EMA continues to downfall to give a bearish crossover with the 200-day EMA. The RSI Indicator slope enters the oversold with...