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The 1inch price prediction shows that 1INCH may continue to show a bullish movement if the market could rise above the $0.65 level.
1inch Prediction Statistics Data:
- 1inch price now – $0.59
- 1inch market cap – $490.6 million
- 1inch circulating supply – 834.8 million
- 1inch total supply – 1.5 billion
- 1inch Coinmarketcap ranking – #86
1INCH/USD Market
Key Levels:
Resistance levels: $0.75, $0.80, $0.85
Support levels: $0.40, $0.35, $0.30
1INCH/USD has been showing some positive movements for the past few days as the market crosses above the 9-day and 21-day moving averages. Apart from this, the price of 1inch may need to head toward the upper boundary of the channel and traders can expect the price to hit the nearest resistance level of $0.65.
1inch Price Prediction: 1INCH/USD Could Maintain the Upward Movement
The daily chart shows that the 1inch price is attempting to create a new positive trend, and traders may expect a bullish continuation towards the upside, which could test the resistance level of $0.65. Similarly, the technical indicator Relative Strength Index (14) moves to cross above the 60-level, and crossing above this level may locate the potential resistance levels at $0.75, $0.80, and $0.85 in the long term.
Meanwhile, if the 1inch price continues with the upward movement, traders may witness additional bullish trends in the coming trading sessions. Meanwhile, a bearish breakdown may likely play out if 1INCH/USD withdraws back below the 9-day and 21-day moving averages, and crossing below the lower boundary of the channel could roll the coin to the long-term supports at $0.40, $0.35, and $0.30.
Against Bitcoin, the 1inch price follows the bullish movement as the coin crosses above the 9-day and 21-day moving averages. Moreover, if the pair touches the resistance level of 2300 SAT, the market is likely to keep releasing more bullish pressure as the technical indicator Relative Strength Index (14) crosses above the 60-level, which indicates that more bullish signals are going to play out.
However, if 1INCH/BTC falls and crosses below the lower boundary of the channel, it may bring the coin to the nearest support at 1600 SAT, and any further bearish movement could lower the price to the support level of 1400 SAT and below. Nevertheless, if the coin continues to follow a bullish movement, traders could see a bull run to the resistance level of 2500 SAT and above.
Alternatives to 1inch
The 1inch price is heading toward the north and it is likely for the market price to touch the $0.70 level if the bulls put more pressure. However, this is where traders should expect buyers to fight for a further rise in 1INCH/USD and further development of the bullish trend. Meanwhile, whatever you’re into, whether it’s politics, entertainment, or social issues, Love Hate Inu ensures you have the chance to voice your opinion and find a supportive community. LHINU has the potential to be the next big crypto. Through the presale, the token’s price will increase, paving the way for new exchange listings as almost $2.5m has been raised so far.
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