1Inch
1INCH Price Analysis: Is 1 Inch Coin Price Downside Rally Coming To An End?
- 1INCH coin price is currently observing a strong bearish momentum and can soon see a new high in the future. The asset is down by more than 2% in the past 24 hours.
- Technical indicators of 1 INCH suggests a strong bearish move for the future. 1INCH/BTC pair has seen a drop of more than 2%
1INCH coin price has been in a bearish move and can soon see strong momentum in the future. 1inch price is currently exchanging close to the worth of $1.61 and has seen a dip of more than 2%. The resource has an ROI of over 100% which is currently moving to a new high and can soon see a new rally. The asset price may soon see a strong rally to a new high in the future. It is currently seeing a halt but can soon see a major momentum in the future. One can figure that the asset may see strong upside gains once the market rises.
1INCH coin market predominance close by the market cap is seeing recovery and has tumbled to bring down the level. The volume of the 1inch has likewise been in a negative mode and can see a new low later on. Volume to market cap proportion of the 1inch clues towards a disadvantage pattern for forthcoming days. One can place assets into 1 INCH according to their necessities and hazard limit for the clients.
Technical Indicators Of 1INCH Coin Price Favors The Bears
1INCH weekly technical chart is currently seeing a strong upside trend and can soon see a strong momentum. The asset is down by more than 5% in the intraday session. On coming to the daily chart the coin is currently in a bearish mode. The upside potential gain of 1 Inch can see a setback near $2.5. The support of the price might see a bounceback near $1. The price of the coin is trading below the 50 and 100 Daily Moving Average with a bearish crossover. The 50MA is near $2.5 and the asset is currently trading below the major support levels. If the price moves 15% above the current threshold then a new momentum can be seen in the future. 1INCH/BTC can also see a strong move in the upcoming days
Conclusion
1INCH coin price is currently in a downside mode and can soon see a new high in the future. 1INCH/BTC can also see a strong trend in the future
Technical Levels
Major Resistance: $2.5
Major Support: $1
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