ONE Slump to $0.01 – Is It a Sleeping Giant?

Concord (ONE), a blockchain firm bridging the hole between scalability and decentralization, has been on a downward development since August 24.

Earlier right now, the token tried to bounce again, growing from a low of $0.00995 to $0.109. Since then, the token has oscillated between $0.0108 resistance and $0.0100 short-term assist degree.

Regardless of its beneficial properties within the final seven days by 2%, Concord (ONE) has decreased 14% prior to now 30-day buying and selling interval. As of 10:32 AM EST, the coin is buying and selling at $0.0099, representing a 1% value drop within the final 24 hours.

Additionally, its 24-hour buying and selling quantity, which sits above $6.57 million, is bleeding considerably by over 50%, suggesting low investor curiosity available in the market.

Nevertheless, latest developments, there are doable indicators that the coin could possibly be getting ready for a retracement.

On August 23, the challenge crew tweeted on the X platform, celebrating a big milestone. In response to the Tweet, regardless of being on a bearish development, the “Uniswap V3 on Concord” is recording a quantity of $30,000 and 5,000 Swaps.

Swap continues to hit milestones🏆

Uniswap V3 on Concord pic.twitter.com/DhwzWuyhxq

— Concord 💙 (@harmonyprotocol) August 24, 2023

Nevertheless, the put up didn’t point out if this rising quantity is favorable to the asset, however speculations level out that this replace might wake the sleeping large.

Concord ONE’s Bearish Momentum is Weakening Amid General Bearish Market Pattern

Within the chart above, ONE’s total market development is bearish, given its value place under the essential transferring averages (Easy Transferring Common). In consequence, its promoting strain has elevated, evident within the pink candle formation.

Additionally, the coin’s Relative Energy Index (RSI) is at 36.36, transferring sideways. This reveals no important promoting exercise has pushed the market towards the oversold area (under 30). But, its downtrend suggests additional value drops earlier than right now ends.

Conversely, ONE’s Transferring Common Convergence Divergence has aligned with the sign line and has pink pale histogram bars. This depicts {that a} shift from bearish to bullish momentum is inside attain. Earlier than the subsequent few days, the coin’s MACD might turn into bullish.

Concord ONE Sits Close to the Help Stage at $0.00980 – Will Consumers Are available?

ONE’s downtrend is projecting developments towards its essential assist degree at $0.00980. Consumers looking for to amass the coin affordably could transfer in if the coin’s value reaches this degree, triggering a bounce.

Nevertheless, suppose the autumn intensifies contemplating the technical indicators and the coin breaks under this assist degree. In that case, concern could creep in, inflicting merchants and traders to halt their actions and search for the subsequent motion. In the meantime, given ONE’s resistance at $0.01030, the coin has the potential to rally once more shortly. 

Wall Road Memes (WSM) Driving Forward of Different Meme Cash

Wall Road Memes ($WSM) has taken the crypto meme sector by storm, showcasing exceptional progress and success in its latest presale. Over the previous two months, the challenge has garnered important investor pleasure, positioning itself as a revolutionary drive throughout the crypto meme area of interest. 

With a formidable presale milestone of $25 million, WSM has gained enthusiastic assist from its on-line neighborhood, attracting extra traders to its trigger. 

Additionally, with the introduction of their newest Stake-to-Earn function, traders can stake $WSM and obtain rewards, fostering value equilibrium and stimulating buying and selling.

WSM Places Closing Name Throughout to Traders as Presales Ends In 32 Days

Traders anticipate a considerable surge in $ WSM’s market worth upon itemizing on crypto exchanges, owing to its important presale achievements. Regardless of little will increase within the promoting value all through its 30 presale phases, the challenge has constantly achieved exceptional success in every step. 

The present presale, now in its closing section, has exceeded $25 million. Valued at $0.0337 per token, the $WSM presale is about to conclude in roughly 32 days. 

To reinforce accessibility and liquidity, the challenge’s founders have dedicated to launching $WSM on a number of tier-one centralized crypto exchanges (CEX). 

After the preliminary coin providing (ICO) concludes, traders can get instant particulars on methods to get their WSM tokens by the challenge’s social media channels. 

The hype on social media is already tremendous excessive, with famend vloggers reviewing the challenge’s efficiency since its inception till now. A well-liked YouTube channel with over 450k subscribers even quoted WSM as a verified, legit, and high coin to spend money on.   

In mild of the widespread curiosity, crypto fans focused on becoming a member of the motion can take part through the official web site. 

Potential traders can join their wallets and purchase their most well-liked quantity of $WSM utilizing fiat currencies, ETH, or USDT. 

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