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Harmony has seen a 94% retracement from its all-time high, a somewhat larger retracement than most of the Top 100 cryptocurrencies. Yesterday its Horizon bridge was exploited for $100 million in altcoins.
Unlike many of the other altcoins which saw a notable bounce from their previous local lows, ONE/USDT is struggling to recover from the dump, not having recorded one green week yet.
The weekly RSI has not yet reached oversold conditions, however, so we still have the potential for further downside yet. What are the next support and resistance levels for ONE? Let’s hear what our TA expert Frank has to say!
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