Convergence

1inch Network

Coin

Divergence

<ul class="news-points"> 
 <li>1INCH faces resistance at $0.3131 and finds support at $0.3045 in the last 24 hours.</li> 
 <li>Bearish signals persist for 1INCH despite oversold MFI suggesting relief.</li> 
 <li>Rising RSI hints at possible short-term 1INCH recovery.</li> 
</ul> 
Bullish momentum in the <a href="https://coinedition.com/tag/1inch-network-1inch/" rel="noopener noreferrer nofollow">1inch Network (1INCH)</a> weakened when the 24-hour high of $0.3131 was tested. The price failed to break above this level, resulting in a minor market downturn. 
Consequently, bears took control of the 1INCH market, lowering the price to an intraday low of $0.3045 until buyers stepped in and provided support. At the time of publication, 1INCH was trading at $0.3063, indicating a slight rebound from the intraday low. 
During the drop, the market capitalization of 1INCH fell by 0.86% to $315,284,827, but its 24-hour trading volume increased by 11.40% to $18,400,820. Despite the price drop, the rise in trade volume implies more significant activity and interest in the 1INCH market. It shows that traders are actively buying and selling, which might indicate a possible rebound soon. 
<div class="wp-block-image"> 
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 <img decoding="async" width="699" height="539" src="https://coinedition.com/wp-content/uploads/2023/08/1-inch-1.png" alt="" class="wp-image-328854" srcset="https://coinedition.com/wp-content/uploads/2023/08/1-inch-1.png 699w, https://coinedition.com/wp-content/uploads/2023/08/1-inch-1-300x231.png 300w, https://coinedition.com/wp-content/uploads/2023/08/1-inch-1-227x175.png 227w, https://coinedition.com/wp-content/uploads/2023/08/1-inch-1-380x293.png 380w, https://coinedition.com/wp-content/uploads/2023/08/1-inch-1-508x392.png 508w, https://coinedition.com/wp-content/uploads/2023/08/1-inch-1-91x70.png 91w, https://coinedition.com/wp-content/uploads/2023/08/1-inch-1-115x89.png 115w, https://coinedition.com/wp-content/uploads/2023/08/1-inch-1-185x143.png 185w, https://coinedition.com/wp-content/uploads/2023/08/1-inch-1-577x445.png 577w, https://coinedition.com/wp-content/uploads/2023/08/1-inch-1-320x247.png 320w, https://coinedition.com/wp-content/uploads/2023/08/1-inch-1-311x240.png 311w, https://coinedition.com/wp-content/uploads/2023/08/1-inch-1-214x165.png 214w, https://coinedition.com/wp-content/uploads/2023/08/1-inch-1-274x211.png 274w, https://coinedition.com/wp-content/uploads/2023/08/1-inch-1-240x185.png 240w, https://coinedition.com/wp-content/uploads/2023/08/1-inch-1-105x81.png 105w, https://coinedition.com/wp-content/uploads/2023/08/1-inch-1-97x75.png 97w" sizes="(max-width: 699px) 100vw, 699px"> 
 <figcaption class="wp-element-caption"> 1INCH/USD 24-hour price chart (source: <a href="https://coinmarketcap.com/currencies/1inch/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap</a>) 
 </figcaption> 
 </figure> 
</div> 
With a score of -0.00057444, the Moving Average Convergence Divergence (MACD) trend for 1INC… 
The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/1inch-indicators-signal-potential-recovery-amid-bearish-phase/">1INCH Indicators Signal Potential Recovery Amid Bearish Phase</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.

1INCH Indicators Signal Potential Recovery Amid Bearish Phase

Coin Edition

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