ONE Token Plunges 37% After Massive Mint

Harmony's ONE token plummeted 37% after an attacker successfully minted 4 billion tokens, prompting immediate selling pressure across exchanges. The price of ONE has been locked at $0.0 on the 4-hour chart, and technical indicators suggest a bearish structure is in place. The EMA50 and EMA200 lines are both at $0.0, while the MACD is printing a death cross at -0.0.

The RSI(14) indicator has flashed deep oversold territory at 9.56, and the price is testing the lower Bollinger band support at $0.0. This confluence of indicators suggests that any potential relief rally would likely stall at the $0.0 EMA50 resistance before fresh downside resumes.

Traders are now factoring this exploit-driven supply shock into their forward scenarios, alongside broader crypto market crash signals.