- 1inch bounced back from $3.50 and is now trading at $4.12 on Monday’s trading session.
- The ENJ/BTC pair was trading at 0.00008121 BTC with a gain of 1.80%
Positive Rally In 1inch Has Begun
1inch price was $4.12; according to pivot points, 1inch’s critical support level is placed at $3.50. Whereas if it moves up, the key resistance level to watch is $4.32. While diving into the weekly chart of a 4-hour time-frame, it completes a pin bar candlestick pattern, representing a sharp reversal and rejection of price.
SMA-50 & 100 acts as another strong support in the coin. SMA-50 (purple) is below the SMA-100 (white), which projects a bearish trend. The price is fighting the SMA-100; it is a positive sign for the asset if it breaches.
RSI indicator (BULLISH), with a value of 58.95, indicates a bullish situation in the coin. Moreover, Investors may see the movement of price towards the overbought zone in future trading sessions.
Hold Your Positions in 1inch Coin
1inch traded at $4.12 with a gain of 2.91% in the last 24-hour. However, 1INCH is neutral at 0.01% on the weekly time-frame. In contrast, the market capitalization stands at $59 million. Technically, investors can perceive the price is fighting the SMA-100. Moreover, 1inch will hit the resistance of $4.32 in future trading sessions.
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