Rally

Filecoin

Klaytn

Crypto Price Prediction: The Short-term trend in the <a href="https://coingape.com/crypto-market-in-2024-unraveling-key-developments-that-will-shape-the-year/" rel="noopener noreferrer nofollow">cryptocurrency market</a> is currently sideways as a majority of major cryptocurrencies continue to waver in uncertainty. However, despite this indecisiveness tokens like 1INCH, FIL, and Klay showcased a double-digit jump in the last 24 hours resuming their prevailing recovery.
The worldwide cryptocurrency market capitalization currently stands at $1.66 trillion, reflecting a slight decline of 0.21% from the previous day. Meanwhile, the total trading volume in the crypto market has witnessed a 2.87% rise over the last 24 hours, amounting to $45.35 billion.
<h2 id="b-is-1inch-price-rally-heading-to-0-7-b">Is 1inch Price Rally Heading to $0.7</h2>
<figure style="width: 100%" class="wp-caption alignnone"><img decoding="async" src="https://s3.tradingview.com/snapshots/t/T9Il1EYw.png" alt="1inch Price" width="1946" height="937">
 <figcaption class="wp-caption-text">
 1inch Price| TradingView Chart
 </figcaption>
</figure>
For the past 20 months, the <a href="https://coingape.com/shib-1inch-ldo-reign-supreme-in-smart-money-token-inflow-list/" rel="noopener noreferrer nofollow">1inch token</a> has been experiencing a consistent downtrend within a descending channel pattern. Market observers have been closely monitoring this pattern, as the token’s price has demonstrated at least two significant rebounds from its parallel trendlines.&nbsp;
In mid-October, despite broader market trends, buyers initiated a strong comeback as the price bounced back from a local low of $0.23. This surge led to an impressive 117% increase in the 1Inch price over three months, with the current trading level at around $0.51.
This rally was marked by a bullish departure from the long-established <a href="https://coingape.com/glossary/parallel-channel-pattern/" rel="noopener noreferrer nofollow">channel pattern</a>, suggesting a potential trend reversal. Moving forward, the 1inch price might aim for targets of $0.6, $0.7, and $0.91.&nbsp;
The Average Directional Index Slope, currently at 17%, indicates that buyers have sufficient momentum to sustain an aggressive rally.
<h2 id="b-filecoin-fil-price-escapes-500-day-barrier-to-chase-11-4-b">Filecoin(FIL) Price Escapes 500-Day Barrier to Chase $11.4</h2>
<figure style="width: 100%" class="wp-caption alignnone"><img decoding="async" src="https://s3.tradingview.com/snapshots/p/PPuxZYaq.png" alt="Filecoin(FIL) Price" width="1946" height="937">
 <figcaption class="wp-caption-text">
 Filecoin(FIL) Price| TradingView Chart
 </figcaption>
</figure>
Filecoin(FIL) has been in an 18-month accumulation phase within a symmetrical triangle pattern, consistently holding above the $2.5 threshold. The token gained momentum in late October, rebounding from a local support of $3.12.&nbsp;
This recovery led to a 113% rise in the <a href="https://coingape.com/price/klaytn/" rel="noopener noreferrer nofollow">Filecoin price</a> over 75 days, reaching $7.3. This rally was further bolstered by a breakout from the triangle pattern on December 31st, hinting at the beginning of a new uptrend.&nbsp;
A recent 5.75% surge further supports this breakout, indicating a strong inclination for a continued rally. The expected trajectory could see a 30% increase, targeting prices of $9.5 and then $11.4.&nbsp;
The bullish momentum is also evident in the Filecoin price’s interaction with the upper boundary of the Bollinger Bands indicator
<h2 id="b-bullish-pattern-set-klaytn-klay-price-rally-beyond-0-4-b">Bullish Pattern Set Klaytn(KLAY) Price Rally Beyond $0.4</h2>
<figure style="width: 100%" class="wp-caption alignnone"><img decoding="async" src="https://s3.tradingview.com/snapshots/h/hQ0KnPSL.png" alt="Klaytn(KLAY) Price" width="1946" height="937">
 <figcaption class="wp-caption-text">
 Klaytn(KLAY) Price| TradingView Chart
 </figcaption>
</figure>
The <a href="https://coingape.com/price/klaytn/" rel="noopener noreferrer nofollow">Klaytn coin price</a> has been on a recovery trend since late September 2020, starting from a low of $0.107. This rebound led to a significant 158% rise, marking a new yearly high at $0.278.&nbsp;
Although the bullish trend remains intact, recent market volatility has caused a slight retracement in the KLAY price to around $0.23. This pullback is within the bounds of the Fibonacci Retracement Level, suggesting that Klaytn may soon resume its upward trajectory.
Notably, a double-bottom reversal pattern has emerged on the daily chart, which could propel the KLAY coin price by another 62% toward the neckline resistance at $0.37.&nbsp;
A breakout from this pattern would further confirm a trend reversal. The 50 <a href="https://coingape.com/education/exponential-moving-average-how-to-leverage-it-in-crypto-market/" rel="noopener noreferrer nofollow">EMA</a> slope is providing robust support, reinforcing the potential for Klaytn’s continued price growth.
&nbsp;
The post <a href="https://coingape.com/markets/crypto-price-prediction-today-january-1-1inch-fil-klay/" rel="noopener noreferrer nofollow">Crypto Price Prediction For January 1: 1INCH, FIL, KLAY</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.

Crypto Price Prediction For January 1: 1INCH, FIL, KLAY

Inhoudsopgave

Coingape News Media

Andere artikelen gepubliceerd op 1 jan 2024

Embark Studios addresses player frustration over unjust bans in the finals

Surprise Artificial Intelligence Statement from Dogecoin Founder Billy Markus!

VanEck Advisor Gurbacs Believes Spot Bitcoin ETFs Are Exaggerated

5 U.S. Sectors To Be Affected If BRICS Ditches the Dollar For Trade

Will Litecoin’s Price Rise? Analyzing the Future of LTC

Understanding the Correlation Between Bitcoin, S&P 500, and the US Dollar Index

Meld je aan voor onze gratis nieuwsbrief voor dagelijkse crypto-updates!