Harmony One Price Prediction: Is It in a Price Reversal?

Summary:
• Harmony One price started a new bullish trend two days ago, and today, with a price surge of 4 per cent, the trend looks to be holding. 

Harmony One price started a new bullish trend two days ago, and today, with a price surge of 4 per cent, the trend looks to be holding. 

The push to the upside comes after days of an aggressive bearish trend, which started on August 13 and has resulted in Harmony One price dropping by 36 per cent to date. The recent bullish trend has resulted in a price surge of 13 per cent and cut the monthly price drop to less than a percentage point. 

One of the reasons we have seen the recent price surge is due to a change in the trend in the cryptocurrency industry. In the past few days, major cryptocurrencies have started to recover from the recent drop. Bitcoin, for instance, is up by over 7 per cent.

The market capitalization of the cryptocurrency industry is also up by 5 per cent in the same timeframe, and almost all other major coins are in an aggressive push to the upside. The altcoin, Harmony One, being positively correlated with the industry trend, has moved in tandem with the trend, resulting in the current price improvement. 

Harmony One Price Prediction

Looking at the chart below, Harmony One has continued to show strong signs of a long-term bullish trend. Today, with a price surge of 4 per cent is a further confirmation that Harmony One price may be reversing its trend and setting up for a strong push to the upside. 

The recent price surge, combined with a recovering cryptocurrency industry, indicates only one thing, that we should expect to see continued growth in price. There is a high likelihood we might see Harmony One price trading above the $0.02 price level within the next few trading sessions. This bullish analysis will only be invalidated by prices trading below the $0.018 price level.

Harmony One Daily Chart