Several cryptocurrencies reached new all-time highs during the 2021 Bull Run. Some crypto assets, on the other hand, experienced a price dip. As a result, many digital currency traders are unsure whether to hold or sell their digital assets. This Harmony ONE Price Prediction for 2022 is based only on technical analysis.
In this Harmony ONE price prediction and analysis, we analyse how ONE will perform if it reaches $1 by 2025. But first, let us understand more about Harmony (ONE) and its present position in the cryptocurrency market.
What is Harmony (ONE)?
Harmony (ONE), which debuted as part of the Binance Launchpad’s initial exchange offering (IEO) in May 2019, is a decentralised blockchain platform aimed at bridging the gap between scalability and decentralisation initiatives. Its development was guided by the tagline “decentralisation at scale,” with an emphasis on data sharing and the establishment of marketplaces for fungible tokens and non-fungible assets.
Furthermore, Harmony makes the promise of offering high throughput with two “lows”: latency and costs. They are expected to put the platform at the centre of efforts to establish the groundwork for future decentralised trustless economies. Harmony began as a company in 2018, before the IEO. Its fundraising endeavours raised USD 18 million in April 2019, attracting the attention of several investors like Silicon Valley’s Consensus Capital, Hong Kong’s Lemniscap VC, and others.
Investors acquired almost 2.8 billion of its ONE coins, with 12.6 billion put aside for pre-mining. Investors have access to an ecosystem that will facilitate its adoption across several sectors, with an emphasis on data sharing, decentralised marketplaces, supply chain monitoring, ad exchanges, credit rating systems, and gaming.
Now that we’ve established what ONE is, do you believe it will be a valuable cryptocurrency in 2022? Let’s look at the charts in this ONE price analysis and Harmony ONE price prediction.
Harmony (ONE) Current Market Status
According to the most recent data, the price of Harmony (One) is $0.19. Harmony has a circulating supply of 11,596,656,956 and a market cap of $2,244,245,630. The Harmony’s price has increased by 9.93 percent in the previous 24 hours due to an increase in its trading volume and market value.
Harmony is having difficulty gaining traction with other cryptocurrencies. The ONE has fallen by approximately 38.48 percent in the last seven days. The currency has been demonstrating risky framing segments over the previous few days; the coin may have excellent fundamentals, but we do not believe it will be a successful asset in the short run.
ONE’s price has dropped by -31.689 percent in the previous month, removing a stunning average sum of $0.090 from its present worth. This abrupt drop indicates that the currency is now in a slump, which might indicate an excellent purchase opportunity for a quick investment.
The 90-day price change is around -43.48%, with the price fluctuating between a minimum average price of $0.31 and a maximum average price of $0.38 in the previous 90 days.
Harmony has demonstrated an upward trend during the last four months. As a result, we believe that similar segments of the market were extremely popular at the time. Harmony’s trading volume has grown in the last four months, according to the most recent statistics. The trading volume has a significant impact on the price.
The coin has increased by 8.90 percent in the last four months, with a high average price of around $0.16 and a low average price of around $0.14.
Now, let’s go to the next part of this Harmony ONE price prediction article for 2022.
Price Analysis of Harmony (ONE)
ONE currently ranks at 88th on CoinGecko. The Ascending Channel pattern may be seen on the daily frame chart. This bullish pattern is generated by the intersection of higher highs and higher lows. According to the graph above, Harmony was able to hold its ground against the bears in the first few days of the month.
In other words, ONE is preparing for a probable bullish surge in the coming days. If this occurs, the cryptocurrency may break through its barrier level and hit a positive price. Of course, this is most likely to occur if the bullish market remains in Harmony. If the bulls turn against the coin, the price of ONE may plummet. In summary, ONE might break out of its uptrend and plunge to a negative price. This pattern depicts a period of consolidation that might lead to a price breakdown or breakout.
Furthermore, a break below the lower trendline indicates the beginning of a new negative trend. A breakout from the upper trendline indication, on the other hand, suggests the start of a new bullish trend. As illustrated above, ONE shifted from a bear to a bull trend at the beginning of this month. This is due to the significant transaction volume that occurred during that time period.
The Relative Strength Index (RSI) is greater than 60.66, indicating that ONE is virtually overbought. Keeping all of this in mind, traders can stay alert and avoid surprise losses caused by the crypto market’s violent fluctuations. Since the beginning of 2022, the price of ONE has experienced several positive movements that are greater than the preceding one. These are immediately followed by volatility, consolidation, and corrections. Taking this into account, ONE will face a competitive market in 2022.
Harmony ONE Price Prediction 2022
According to the Harmony ONE price prediction and technical analysis, the ONE price is likely to hit the $0.27 mark in 2022. We anticipate that the minimum price of Harmony at the end of the current year will be $0.26. Furthermore, ONE has a maximum price level of $0.31.
Harmony ONE Price Prediction 2023
According to the Harmony ONE price prediction and technical analysis, the ONE price is likely to hit the $0.38 mark in 2023. We anticipate that the minimum price of Harmony at the end of 2023 will be $0.37. Furthermore, ONE has a maximum price level of $0.45.
Harmony ONE Price Prediction 2025
According to the Harmony ONE price prediction and technical analysis, the ONE price is likely to hit the $0.81 mark in 2025. We anticipate that the minimum price of Harmony at the end of 2025 will be $0.79. Furthermore, ONE has a maximum price level of $0.92.
Harmony ONE Price Prediction 2031
According to the Harmony ONE price prediction and technical analysis, the ONE price is likely to hit the $7.08 mark in 2031. We anticipate that the minimum price of Harmony at the end of 2031 will be $6.88. Furthermore, ONE has a maximum price level of $8.51.
Conclusion
Harmony has a promising future in 2022. With the current changes inside the ONE ecosystem and the larger crypto market, we may see ONE reach unprecedented heights. The bullish Harmony ONE price prediction for 2022 is $0.27. If investors determine that ONE, along with popular cryptocurrencies like Bitcoin and Ethereum, is a solid investment in 2022, it may even hit $0.31.
Also read: Tezos Price Prediction for 2022, 2023, 2024, 2025
