1inch Network

Resistance

Billion

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>The 1INCH coin’s price decreased by 5.78% over the last week and is trading below major EMAs.</a> </li> 
 <li> <span>2</span> <a>The price of the 1INCH coin is trading at $0.25348000 and the 52-week range is between $0.20291000 – $0.69263000. </a> </li> 
</ul> 
<p>Decentralized exchange aggregation and governance are enabled by 1INCH, a cryptocurrency that finds the best swap rates across different DEXes and networks. It also lets users vote on protocol parameters and get rewards. The 1inch Network uses 1INCH as its original token.</p> 
<p>1inch Network (1INCH) has a maximum market cap of $381,165,651, which is the fully diluted valuation (FDV) of the cryptocurrency. This is based on the assumption that all 1.5 Billion 1INCH tokens are circulating in the market today. However, the actual number of 1INCH tokens in circulation may be lower, depending on how the 1INCH tokens are emitted over time. Therefore, it may take several years before the FDV is achieved.</p> 
<p>1inch Network crypto surged by 0.30 % in market value and by 8.38% in trading volume in the last 24 hours, as per Coinmarketcap which is a crypto data and info website. Its market value is $262,379,596 and its trading volume is $8,677,747. There are 1,033,682,895 1INCH in circulation.</p> 
<p>1inch Network (1inch)’s open interest is $14.76 Million, as per Coinglass, which is a crypto analysis website, it fell by 0.50% in the previous session. The long versus short ratio for 24 hours is 1.019. The total number of short positions added in the last 24 hours is zero against longs of $4,641.058.</p> 
<p>Moreover, the 1INCH coin has shown good performance this month, as it is up by 8.33% but fell by 51.85% in the past six months. Also, the year-to-date return of 1INCH price is negative with a 33.33% decline.</p> 
<h2 class="wp-block-heading" id="strong-1inch-price-technical-analysis-in-the-1-day-timeframe-strong"><strong>1INCH Price Technical Analysis in the 1-Day Timeframe</strong></h2> 
<p>1INCH price has been on a downward trend for a long time, following a falling trendline on the charts. The price tried to break and sustain above the trendline several times but failed and continued to decline.</p> 
<p>At the time of writing, 1INCH price is at $0.25424000. The price could resume its downtrend and reach the next support levels at $0.24078219 and $0.20156735 if it breaks below the current level and the trendline.</p> 
<p>The price could face the next resistance levels at $0.31609768 and $0.35364860 if it holds the current level and breaks above the trendline.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large">
  <img decoding="async" loading="lazy" width="1024" height="594" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-135-1024x594.png" alt="" class="wp-image-173880" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-135-1024x594.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-135-300x174.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-135-768x445.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-135-750x435.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-135-1140x661.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-135.png 1461w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Source: 1 INCH/BUSD.1D.BITFINEX by TradingView
  </figcaption>
 </figure>
</div> 
<p>At the time of publishing, <a href="https://www.thecoinrepublic.com/2023/09/14/1inch-price-prediction-any-signs-of-recovery-visible-in-1inch/" target="_blank" rel="noreferrer noopener">1INCH</a> is trading below the 20 and 50-day EMAs (exponential moving averages), which are rejecting the 1INCH price trend.&nbsp;</p> 
<p>The MACD line at 0.00140 and the signal line at 0.00276 is below the zero line, both lines cross each other showing that a bearish crossover is observed in the MACD oscillator.</p> 
<p>The current value of the RSI is 46.94 points and the 14-day SMA is below the median line at 54.85 points, which indicates bearish sentiments. The RSI took rejection on the 14 SMA line and headed for the oversold zone in the market for 1INCH; highlighting bearishness.</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p>1INCH price highlights the bearish sentiments and perspective of investors and traders regarding 1INCH in the daily time frame. 1inch Network price action highlights a bearish view at the time of publishing as it failed to break the resisting trendline before and has been trading in a <a href="https://www.thecoinrepublic.com/2023/09/14/1inch-price-prediction-any-signs-of-recovery-visible-in-1inch/">consolidation</a>. Moreover, the technical parameters of the 1INCH price suggest the continuation of the downtrend or consolidation trend over the daily time frame chart. Major trustworthy indicators MACD, RSI, and EMA provide negative signals regarding the 1INCH price.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<ul> 
 <li><strong>Support Levels: </strong>$0.24078219 and $0.20156735</li> 
 <li><strong>Resistance Levels: </strong>$0.31609768 and $0.35364860</li> 
</ul> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>In this article, the views and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.</p>

1INCH Price: Can 1INCH Crypto Reach $1 Soon?

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