Harmony (ONE) is testing the falling wedge resistance after two months of compression, with volume decline and RSI momentum strengthening conditions.
Analysts highlight breakout targets at $0.013, $0.016, $0.021, and $0.024, aligning with liquidity zones and potential upward continuation points.
On-chain data shows 220 million ONE added in four weeks, record staking inflows, and growing institutional interest supporting accumulation.
Harmony (ONE) is pressing against a falling wedge resistance after nearly two months of compression. Traders are watching closely as price action and volume patterns suggest that a breakout may be approaching.
Technical Setup Points Toward Breakout Structure
Analyst Jonathan Carter noted that Harmony’s chart has tightened into a falling wedge formation. The setup developed over eight weeks with diminishing sell volume accompanying each swing low. Such compression patterns often precede a sharp directional move.
The wedge is currently testing its upper boundary, with the 100-day moving average nearby. The relative strength index has rebounded from oversold levels, pointing to strengthening momentum. This combination of technical factors is creating a rally-ready framework for the token.
Carter added potential price targets in case of a clean breakout. The first level stands at $0.013, followed by $0.016, $0.021, and $0.024. Each target corresponds to a key liquidity or resistance zone that Harmony must overcome to extend gains.
Market Activity and Volume Trends Support Accumulation
Traders also point to changes in market activity as Harmony consolidates. The current price is $0.01085, with a 24-hour trading volume of $8.38 million. The token has gained 2.96% in the last day and 5.58% over the past week.
This gradual rise has coincided with reduced selling pressure and volume tapering. Such conditions are often observed before breakout attempts, as market participants shift from distribution phases toward renewed accumulation.
According to Carter, the chart structure suggests that sellers are losing control, allowing buyers to prepare for upward continuation. The wedge nearing completion signals that a decisive move could occur once resistance levels give way.
On-Chain Metrics Point Toward Supply Tightening
Additional insights shared by TC Xprt (@btcxprt) emphasize the on-chain factors surrounding Harmony. In the last four weeks, 220 million ONE tokens have been added in accumulation. This is part of a broader push toward a reverse buyback target of 7 billion ONE.
Staking inflows have also reached record levels, further reducing circulating supply. As more tokens are locked, available liquidity on exchanges declines, contributing to a potential supply shock.
Institutional and venture capital interest is reportedly rising as entities build exposure to the asset. Combined with chart compression and volume reduction, these conditions suggest Harmony may be positioning for a breakout sequence in the near term.
