Harmony (ONE) Rallies 13% as Buyers Target $0.17

Harmony (ONE) is up 13% on the last trading week, outperforming the USDT. Presently, the token bottom-up after dropping 71% from January 2022 highs. Past Performance Harmony is within a bullish breakout pattern. As per the development in the daily chart, Harmony has cleared a multi-week resistance trend line. At the time of writing, ONE buyers have the upper hand, adding three percent on the last trading day and 13 percent week-to-date versus the USDT. Technically, ONE prices are bottoming up, allowing aggressive buyers to load the dips in smaller time frames. Harmony (ONE) Technical Analysis The path of least resistance in the meantime is northwards. Buyers have the upper hand and are ramping up on lower time frames above $0.13. As per the arrangement in the daily chart, Harmony bulls have their sight set on a critical reaction point at $0.17. This level coincides with the immediate resistance level, forming March 2022 highs. A strong push forcing prices away from the recent consolidation, would likely buoy buyers. This move would accelerate the march to $0.17 as Harmony prices bottom up after a 71 percent dip from January 2022 highs. What to Expect of Harmony The DeFi focused layer-2 scaling option for Ethereum is preferred by developers and is actively being developed. These fundamental factors would support ONE bulls, sustaining prices above $0.13. If not, a dump below $0.13 could see ONE prices drop to $0.10, continuing t...