Harmony / TetherUS
Long

ONE/USDT at Edge: Bounce or Breakdown from Major Demand Zone?

420
The ONE/USDT on the 1W (Weekly) timeframe shows a clear long-term bearish trend since the all-time high in 2021. Price has consistently formed lower highs and lower lows, confirming strong seller dominance over the past few years.

Currently, price is approaching a major historical demand zone, highlighted by the yellow block between 0.0024 – 0.0017, an area that previously triggered a strong bullish impulse.


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Pattern & Price Structure

1. Long-Term Downtrend

Market structure remains bearish on a macro scale.

Every upward move has been a relief rally, failing to create a higher high.



2. Descending Structure Breakdown

Price has lost multiple minor supports, indicating progressive weakness.

Strong rejections from the mid-range supply area (around 0.01 – 0.02) accelerated the decline.



3. Major Historical Demand Zone

The 0.0024 – 0.0017 zone represents:

Previous accumulation area

Weekly historical support

Origin of a strong bullish move in the past


Price is now retesting this critical zone.



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Key Levels

Major Resistance:

0.0050 – 0.0060

0.0090 – 0.0105


Major Support / Demand Zone:

0.0024 – 0.0017


Historical Extreme Low:

0.00118




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Bullish Scenario

The bullish scenario is only valid if strong buying reactions appear inside the yellow zone:

Formation of:

Long lower wicks on weekly candles

Or a sideways accumulation base


No strong weekly close below 0.0017

Potential upside targets:

Short-term: 0.0050

Mid-term: 0.0090

Maximum relief rally: 0.015 – 0.02



➡️ This scenario represents a speculative bounce, not a confirmed trend reversal.


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Bearish Scenario

The bearish scenario is confirmed if:

A strong weekly close below 0.0017

Failure of the historical demand zone

Increased selling pressure and breakdown momentum


Consequences:

Price may enter new low price discovery

No clear historical support below this level

High risk of continued downside


➡️ A breakdown here would signal market capitulation.


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Conclusion

ONE/USDT is currently at a critical make-or-break technical level.
The 0.0024 – 0.0017 zone represents the last major weekly demand zone.

Aggressive buys are suitable only for high-risk traders

Conservative traders should wait for weekly confirmation

As long as price remains below key resistance levels, the primary trend stays bearish

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