Harmony (ONE) is a blockchain platform specially designed to facilitate the creation and use of decentralized applications (DApps).
The creation of the Harmony network was developed in 2017 and was founded by Harmony CEO Stephen Tse who has a PHD from the University of Pennsylvania in the field of cryptographic protocols.
Stephen created ONE with the goal of innovating the way decentralized applications work that focuses on processing speed and validation.
Harmony also aims to revolutionize blockchain creation and is expected to introduce cross-shard contracts and cross-chain infrastructure by the end of 2021.
As can be seen on the ONE/USDT price movement chart, it seems that the ONE price once exhibited an uptrend of up to 5,000% at the beginning of February until the end of the March market before resuming the bearish trend.
Looking at the daily chart, after just recording the latest all -time high (ATH) at $ 0.22, the ONE price movement continues to maintain a bearish trend.
But by the end of May, the price did not make the latest LH (Lower High) and continued to move horizontally (sideway).
The next expectation is that the price of ONE is expected to rise again to test the level of SBR (support become resistance) around the price of $ 0.11- $ 0.12.
If the price movement manages to break the SBR zone of $ 0.11- $ 0.12, the next SBR zone around $ 0.15 will be tested first to provide a clear signal for the price movement to change to a bullish trend.
On the other hand, if the price movement does not succeed in making the jump again, the price movement is expected to head back to the support level of $ 0.05- $ 0.06 to support the price jump again.
A lower price decline will retest the $ 0.02- $ 0.03 price level which is a resistance zone that has been reached before making an aggressive jump.
As of 3.30pm local time, the price of ONE is slightly down by 1% to trade at the $ 0.08 price level.
