Crypto Analyst Bullish on ONE Token
The Harmony blockchain experienced a significant hack in 2022, causing the ONE token to lose over 98% of its all-time high value. However, one year later, crypto analyst Alan Santana predicts a bullish trend for the cryptocurrency.
Analyzing the ONE/BTC Pair
Santana’s analysis focuses on the ONE/BTC pair, which shows promise compared to the ONE/USDT pair. After hitting a new low of $0.008 this year, the coin has rebounded, forming the basis of its bullish trend.
Although ONE has broken above its 200-day moving average (MA), it is now facing resistance at the 300-day exponential moving average (EMA).
Potential Price Targets
If Harmony’s price breaks the EMA300, Santana expects an initial 650% jump to above $0.14, marking the start of a long-term bullish journey. The next target is set at $0.16, representing an 850% move from current levels. The final target is above $0.33, indicating a potential 1,400% increase.
ONE Token Performance
Despite past challenges, the ONE token has been performing well. According to CoinMarketCap data, it has seen a 5.56% increase in the last day, a 40.5% increase in the last week, and a 54.2% increase in the last month.
Hot Take: A Bullish Outlook for ONE Token
Crypto analyst Alan Santana believes that the ONE token is poised for a bullish trend after experiencing a significant drop in value due to a hack on the Harmony blockchain. Santana’s analysis focuses on the ONE/BTC pair and highlights its potential compared to the ONE/USDT pair. Although facing resistance at the 300-day exponential moving average, there is optimism for price growth. If Harmony’s price breaks the EMA300, Santana predicts significant jumps of up to 1,400%. Despite past challenges, the ONE token has shown resilience and has seen positive performance in recent weeks.
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