ONE Slump to $0.01 – Is It a Sleeping Giant?

Harmony (ONE), a blockchain company bridging the gap between scalability and decentralization, has been on a downward trend since August 24.

Earlier today, the token tried to bounce back, increasing from a low of $0.00995 to $0.109. Since then, the token has oscillated between $0.0108 resistance and $0.0100 short-term support level.

Despite its gains in the last seven days by 2%, Harmony (ONE) has decreased 14% in the past 30-day trading period. As of 10:32 AM EST, the coin is trading at $0.0099, representing a 1% price drop in the last 24 hours.

Also, its 24-hour trading volume, which sits above $6.57 million, is bleeding significantly by over 50%, suggesting low investor interest in the market.

However, looking at recent developments, there are possible signs that the coin could be preparing for a retracement.

On August 23, the project team tweeted on the X platform, celebrating a significant milestone. According to the Tweet, despite being on a bearish trend, the “Uniswap V3 on Harmony” is recording a volume of $30,000 and 5,000 Swaps.

Swap continues to hit milestones🏆

Uniswap V3 on Harmony pic.twitter.com/DhwzWuyhxq

— Harmony 💙 (@harmonyprotocol) August 24, 2023

However, the post did not mention if this rising volume is favorable to the asset, but speculations point out that this update could wake the sleeping giant.

Harmony ONE’s Bearish Momentum is Weakening Amid Overall Bearish Market Trend

In the chart above, ONE’s overall market trend is bearish, given its price position below the critical moving averages (Simple Moving Average). As a result, its selling pressure has increased, evident in the red candle formation.

Also, the coin’s Relative Strength Index (RSI) is at 36.36, moving sideways. This shows no significant selling activity has driven the market toward the oversold region (below 30). Yet, its downtrend suggests further price drops before today ends.

Conversely, ONE’s Moving Average Convergence Divergence has aligned with the signal line and has red faded histogram bars. This depicts that a shift from bearish to bullish momentum is within reach. Before the next few days, the coin’s MACD could become bullish.

Harmony ONE Sits Near the Support Level at $0.00980 – Will Buyers Come in?

ONE’s downtrend is projecting advancements toward its critical support level at $0.00980. Buyers seeking to acquire the coin affordably may move in if the coin’s price reaches this level, triggering a bounce.

However, suppose the fall intensifies considering the technical indicators and the coin breaks below this support level. In that case, fear may creep in, causing traders and investors to halt their activities and look for the next movement. Meanwhile, given ONE’s resistance at $0.01030, the coin has the potential to rally again shortly. 

Wall Street Memes (WSM) Riding Ahead of Other Meme Coins

Wall Street Memes ($WSM) has taken the crypto meme sector by storm, showcasing remarkable progress and success in its recent presale. Over the past two months, the project has garnered significant investor excitement, positioning itself as a revolutionary force within the crypto meme niche. 

With an impressive presale milestone of $25 million, WSM has gained enthusiastic support from its online community, attracting more investors to its cause. 

Also, with the introduction of their latest Stake-to-Earn feature, investors can stake $WSM and receive rewards, fostering price equilibrium and stimulating trading.

WSM Puts Final Call Across to Investors as Presales Ends In 32 Days

Investors anticipate a substantial surge in $ WSM’s market value upon listing on crypto exchanges, owing to its significant presale achievements. Despite little increases in the selling price throughout its 30 presale stages, the project has consistently achieved remarkable success in each step. 

The current presale, now in its final phase, has exceeded $25 million. Valued at $0.0337 per token, the $WSM presale is set to conclude in approximately 32 days. 

To enhance accessibility and liquidity, the project’s founders have committed to launching $WSM on multiple tier-one centralized crypto exchanges (CEX). 

After the initial coin offering (ICO) concludes, investors can get immediate details on how to get their WSM tokens through the project’s social media channels. 

The hype on social media is already super high, with renowned vloggers reviewing the project’s performance since its inception until now. A popular YouTube channel with over 450k subscribers even quoted WSM as a verified, legit, and top coin to invest in.   

In light of the widespread interest, crypto enthusiasts interested in joining the movement can participate via the official website. 

Potential investors can connect their wallets and buy their preferred amount of $WSM using fiat currencies, ETH, or USDT. 

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