ONE Technica Analysis: Trend Ready To Outgrow The Bearish Triangle 

Key technical points:

Past Performance of ONE

On February 10th, the ONE price turned down from the $0.225 resistance, indicating the sellers have mounted a stiff overhead resistance. The follow-up downtrend has tumbled the altcoin by 47% and plummeted to $0.12 support. The buyers tried to rebound from this bottom support; however, the traders are aggressively losing at the descending trendline.

Source-Tradingview

ONE Technical Analysis 

The ONE/USDT technical chart displays a descending triangle pattern in the daily time frame chart. The price action squeezing between the resistance trendline and $0.12 suggests that the altcoin will breakout. 

The recent bearish crossover among the 100-day and 200-day EMA reclaims a bearish sequence among the crucial EMAs. Moreover, the constant bearish pressure from the 50-day EMA keeps the bullish growth in check. 

RSI Indicator: The RSI slope moves slightly above the oversold boundary with a clear bullish divergence in the last two dips at $0.12. Hence, the possibility of a reversal remains alive.

MACD Indicator: The MACD and signal lines merge and are under constant threat of a bearish crossover. However, the bullish alignment needs a little push to regain the spread and restart the rally. 

In a nutshell, the ONE technical analysis shows a saturation in the downtrend, but closing below the triangle will significantly dial up the bearish pressure.

Upcoming Trend 

Concerning the bullish divergence in the RSI, the ONE coin price might shortly break the triangle pattern's overhead resistance, leading to a price rally of the $0.166 mark. This will indicate the traders' sentiment has shifted from selling the rallies to buying the dip, providing a recovery opportunity to ONE token holders.

Resistance Levels: $0.015 and $0.18

Support Levels: $0.08 and $0.04