The macroeconomic image and elevated geopolitical pressures have seen: Harmony (A) dropped considerably since January. Whereas there have been durations when the token has threatened to rise, it has all the time come again down. However will this transformation? Listed below are some highlights first:
Concord (ONE) has established a robust demand zone between $0.106 and $0.121.
As of going to press, the coin was buying and selling barely above that quantity at $0.125.
If ONE enters that zone, we might see a rise in bull shopping for.
Knowledge supply: Tradingview
Concord (ONE) – Is a bull run possible?
As talked about above, Concord (ONE) was largely in a downtrend for many elements of 2022. It’s extremely unlikely that this bearish pattern will reverse any time quickly. As it’s, sentiment within the crypto market stays largely apprehensive as buyers weigh in on elevated macroeconomic and geopolitical pressures.
However short-term bull runs are nonetheless doable for Concord (ONE). The coin is presently shifting right into a key demand zone between $0.106 and $0.121. That is prone to set off a bullish run that would push ONE in the direction of USD 0.164 within the close to time period.
This represents a 30% acquire from its present value, which was $0.125 on the time of writing. However sustained positive factors above $0.164 are extremely unlikely. ONE will probably pull out as soon as it assessments that value and attempt to discover extra demand once more.
Why is Concord (ONE) undervalued?
The important thing for any investor is to discover a crypto asset that’s undervalued, and Concord (ONE) is one among them. The coin has fallen sharply from its all-time excessive and has reported losses in most elements of 2022.
However the challenge nonetheless has plenty of potential and the underlying foundations are excellent. Regardless of the current turmoil, the general outlook for Concord in 2022 continues to be very optimistic. It is an amazing asset to seize now.