Harmony: ONE Drops 37% After 4 Billion Token Mint
Harmony ONE sinks 37% after attacker mints 4 billion tokens, RSI at 9.56 on 4h chart shows oversold conditions amid bearish EMA50 and MACD death cross.
SourceAnalysis
Harmony ONE plunged 37% after an attacker minted 4 billion tokens, triggering immediate sell pressure across exchanges.
With price locked at $0.0 on the 4h chart, the bearish structure holds as EMA50 and EMA200 both sit at $0.0 while MACD prints a death cross at -0.0. RSI(14) at 9.56 flashes deep oversold territory and price tests the lower Bollinger band support at $0.0, creating a high-conviction confluence where any relief rally would likely stall at the $0.0 EMA50 resistance before fresh downside resumes. Traders watching ONE price prediction models now factor this exploit-driven supply shock into forward scenarios alongside broader crypto market crash signals.
Decrypt
@DecryptMediaDelivers cutting-edge news and educational content on cryptocurrency, decentralized finance, and Web3 innovations for a global audience of blockchain enthusiasts.