Price Predictions

Harmony Price Prediction 2023: Bears Hinder the Rally, Will ONE Price Make it to $0.05?

Harmony One Price Prediction

Key Takeaways:

  • Harmony price surged iconically by more than 100% but in the past few days is experiencing is experiencing significant bearish pressure, dragging the price lower by 20%
  • The bearish interference is believed to ease at the earliest which may enable the bulls to resume with the uptrend and finally reach the desired target by the end of the year
  • The on-chain fractals like the sentiments and the social dominance  are surging,  indicating the resurgence of bullish trend soon
Price  $0.016
24H Price Change  -7.77%
7D Price Change +18.4%
MarketCap  $210.06 million
Circulating Supply 13.03 billion
Trading Volume  $24.59 million
ATH $0.3798
ATL $0.0012

Additional Read: JasmyCoin Price Prediction

Harmony Price History

  • Harmony token began its trading journey in the last few months of 2019 and traded under extreme bearish influence until the beginning of the 2021 bull run
  • The price inflated heavily during the 2021 bull run and surged by close to 10,000% to mark the highs around $0.37 and quickly fell into a deep bearish trap ahead
  • The price continued to deplete heavily throughout 2022 and marked the bottoms below $0.01 by the end of 2022.
  • The ONE price ignited a decent upswing to recover some losses incurred due to the bear market but after a 100% jump, the bears appear now to have become active after a short-term pullback, a significant recovery could be fast approaching

Harmony Technical Analysis

Harmony One Price Prediction 2023

Source: Tradingview

  • Soon after the market collapsed in May 2022, the ONE price dropped hard and maintained a firm descending trend
  • However, after dropping below the lower support, the price quickly made into the falling wedge which is largely considered as bullish
  • Presently, the price is getting rejected after testing the upper resistance and if the price drops towards the support, it may be the last leg down beyond which a notable upswing may be triggered
  • The upswing may pierce through the upper resistance of the channel and rise high enough to reach $0.02 initially and maintain a notable upswing to mark highs for 2022 beyond $0.25 during Q1 2023.

Overview of Harmony On-chain Analysis:

Harmony Development Activity

Harmony One Price Predictions

Source: Santiment

A project’s development activity is carried out in its public GitHub repositories, allowing for visibility of the project’s progress in the public domain. If development activity increases significantly, it means one of three things: the project is working hard to strengthen its bullish proposition and may deliver new features shortly. The development activity gauges the project’s commitment to delivering a quality product. 

A similar trend is witnessed with Harmony’s development activity, where the development activity suddenly spiked. Despite the ONE price remaining largely consolidated towards the south, activity levels surged and have now reached the highest levels in the past 6 to 8 months. This may induce confidence within the market participant, who may now join the ONE-army soon.

Harmony Total Weighted Sentiments

Harmony Price Prediction 2023 

Source: Santiment

Positive and negative sentiments abound in the market, creating FUD or FOMO during the rally. The total weighted sentiments combine all the positive and negative sentiments and compass it with the frequency of their occurrence over time. If the end value is higher, then it is said that the market participants are bullish on the crypto, and hence a notable upswing may be expected.

Harmony’s total weighted sentiment is also touching the skies, indicating the traders are extremely positive and may believe in the bullish outcome, which is assumed to be fast approaching. After reaching the levels around 6.13%, the sentiments have slightly dropped to 1.095%, which may flip any time from now.

Harmony Price Prediction for 2023

Ever since the majority of the tokens dropped hard following the market collapse in May 2022, the ONE price has traded under extreme bearish pressure. After nearly 5 months of bearish trade, the price underwent a rebound that rose notably, highlighting the possibility of going long in the coming days.  Therefore, by the end of H1 2023, the prices may swell up beyond $0.02, and in the case of an extended bullish push, they may even reach $0.03.

During the second half of 2023, the price could comfortably sustain above $0.03, which may lay the groundwork for a significant upswing to mark the highs around $0.045 that may even attract the bears, who may slash the price below $0.04 for a while. By the midpoint of Q4 2023, the price may resume with a notable swing and try to close the yearly trade around $0.05. 

Harmony Price Prediction for 2024 

With a bullish close to the year 2023, the price may remain slightly inflated in the first few weeks of 2024. Here, the chances of experiencing a minor pullback that may lower the levels by 10% to 20% could emerge. However, the bulls are believed to regain strength and rise notably to achieve levels beyond $0.08, and by the end of H1 2024, the price may be seen heading strongly toward $0.1. 

During the second half of 2024, the price may surge beyond $0.01 during the third quarter, and as the trade approaches the fourth quarter, the bull run could intensify. The price may try hard to surge beyond $0.12, and with a notable bullish push, it may even settle around $0.15 to $0.18 by the end of 2024.

Read More: Guide To Crypto Tax In India

Harmony PRICE PREDICTION 2025-2030

With a bullish foundation laid in 2024, the 2025 trade is also believed to carry the same momentum. Meanwhile, bearish interference may also be expected at frequent intervals. Hence, the year 2025 may witness a notable bearish action that could compress the price levels back below $0.15. During 2026, the consolidation phase may continue, but the momentum may have slightly risen. The bulls may again gear up in 2027 and prepare themselves for the next bull run. 

In 2028, the bull run could rise and reach its peak, which may be 2 times the levels of the rally in 2021, wherein most of the tokens may mark new highs. However, after a gigantic bull run, the markets may witness a significant drop, which may begin in 2029, and as the trade approaches its end, the bear market could be validated. Therefore, the year 2030 may be under the extreme influence of the bears and maintain a steep correction phase until the end of the year. 

Year Harmony Price Forecast
2023 $0.05 to $0.065
2024 $0.15 to $0.18
2025 $0.25 to $0.42

Should you invest in Harmony in 2023? 

Harmony is among the cryptos and is considered one of the most fundamentally strong projects in the crypto space. While the prices remain heavily compressed, the possibility of giant price action emerges in the coming days. However, before investing in ONE or any other crypto, deep research on the fundamentals, the roadmap, and the vision of the project is very important. Alongside this, a detailed study of the price movements is also imperative.

FAQs

What will Harmony be worth in 2023?

The Harmony price may range between $0.05 to $0.08 by the end of 2023

What will be the price of 1 Harmony in 2030?

By the end of 2030, the price of Harmony could hover close to $1 but may certainly not sustain above these levels for a long time

Will Harmony ever hit $5?

The ONE price is believed to trade close to $1 in 2030 and after undergoing a minor consolidation, the price may resume with a decent upswing.

Is Harmony a safe investment?

Harmony is considered among the projects with strong fundamentals and hence may deliver a notable upswing in the coming days.

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