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The 1-inch price prediction shows that 1INCH is facing the upside as the coin touches the resistance level of $0.44.
1Inch Prediction Statistics Data:
- 1Inch price now – $0.43
- 1Inch market cap – $502.3 million
- 1Inch circulating supply – 1.1 billion
- 1Inch total supply – 1.5 billion
- 1Inch Coinmarketcap ranking – #113
1INCH/USD Market
Key Levels:
Resistance levels: $0.52, $0.54, $0.56
Support levels: $0.36, $0.34, $0.32
1INCH/USD is moving toward the upper boundary of the channel to continue the bullish movement. According to the daily chart, the 1Inch price is likely to shoot upward while the 9-day moving average stays above the 21-day moving average. Therefore, the market is projecting a volatile movement where 1INCH/USD may continue to follow the bullish movement.
1Inch Price Prediction: 1INCH Aims at the Upside
As the daily chart reveals, the 1Inch price touches the daily high at $0.44 today for it to stay above the 9-day and 21-day moving averages. On the contrary, any bearish movement toward the lower boundary of the channel may bring the price to the support levels of $0.36, $0.34, and $0.32.
However, considering a continuous bullish movement for this coin, 1INCH/USD may spike toward the upper boundary of the channel to hit the potential resistance levels of $0.52, $0.54, and $0.56 in the long-term bullish. Nevertheless, the 9-day moving average keeps hovering above the 21-day moving average, suggesting additional bullish movements for the market.
1INCH/BTC May Continue the Upward Movement
Against Bitcoin, the 1Inch price is seen trading above the 9-day and 21-day moving averages where the price is expected to break to the upside. However, should the price succeed, it may continue an upward trend which could touch the potential resistance level at 1200 SAT and above.
On the contrary, if the 1INCH price slides toward the lower boundary of the channel, it is expected to locate the support at 850 SAT and below. Meanwhile, the 9-day MA remains above the 21-day MA, which reveals that the 1Inch price may continue to move to the upside.
Alternatives to 1inch
The 1inch price continues to follow the upward movement and a break above the $0.45 level may encourage more buyers to increase their entries. Meanwhile, crossing above the upper boundary of the channel could push the price to the resistance level of $0.50. At the moment, the market is projecting a volatile movement where it could follow the bullish movement.
Nonetheless, when contrasting 1inch (1INCH) with the up-and-coming token Bitcoin Minetrix, the 1inch provides stability with its solid market cap of $502.3 million, its larger size might limit short-term growth opportunities, but Bitcoin Minetrix ($BTCMTX), which is currently garnering approximately $6.7 million in its presale, boasts a modest market cap, indicating potential for substantial and swift gains.
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