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Harmony (ONE) Gains 14% in a Day Following Datachain Grant

This week has had cryptocurrency assets presenting impressive performances. Most coins saw their prices increasing by more than 5% since yesterday.

Harmony Accepts Datachain Grant

Harmony protocol team highlighted approving Datachain grant. The company will introduce a bridge between the Cosmos network and Harmony blockchain. Harmony believes Datachain’s expertise in ensuring interoperability solutions with trustless intermediaries is incomparable.

Harmony is a secure and fast blockchain platform for Dapps. The network aims to achieve scalability through dividing network nodes. Harmony blockchain’s native coin ONE has witnessed upward price moves within the past 24 hours.

While publishing this news, ONE traded at $0.35, following a 13.8% increase over the previous 24 hours. The run-up came as the broad crypto space gradually recovered from the latest slump. The global cryptocurrency market capitalization plummeted beneath the 42 trillion zones early on the week but approached $2.1 trillion at this publication.

The ongoing market rally has crypto assets recovering from the latest plunges. Bitcoin and Ethereum recorded bullish moves within the past day.

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ONE has registered impressive moves this year, following an upside move to $0.30 over the past week. Nevertheless, the altcoin dipped into bearish mode since then as the overall crypto spectrum sustained massive losses.

ONE Might Hit $0.40 Soon

ONE/USD daily price chart displays massive bullishness today. Also, technical indicators suggest lucrative performance from the coin. ONE might hit the psychological level of $0.40 soon if the upside rally persists.

ONE maintains its price beyond the 50-day MA of $0.246. The Moving Average Convergence Divergence remained beyond the neutral area since 26 December. Meanwhile, the Relative Strength Index of 72 highlights possibilities of ONE entering the oversold region.

For now, ONE price movement will depend on the broad market sentiment. Maintaining the bullish outlook may see the crypto touching higher levels of $0.40 soon. Meanwhile, a U-turn by Bitcoin might see Harmony on downtrends. It might be attention-grabbing to witness what the upcoming trading sessions hold. Stay tuned.

Editorial credit: FellowNeko / shutterstock.com

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James Carr (Australia)

James is a new research writer for Tokenhell. His articles include broker and exchange reviews, guides and news from all over the crypto-verse. Stay tuned for his recent articles.

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