- 1 inch network price action is attracting a high-low pattern in the lower time frame.
- At that point, the 1-inch token remains above the red moving lines of the EMA Ribbon indicator.
- The BTC-related 1INCH token pair is up 1.84% at 0.000003105 satoshis.
As of press time, 1 Inch Network price remains at a 30-day high this week. Investors had a rough time when the prices of digital assets were moving sideways. The property price is showing a positive trend in the month of November, but there are several hurdles in the way of the bullish trend, which may hamper the accumulation of buyers.
Undoubtedly, the price of 1 Inch Network has reversed several times from the $0.537 level. This 52-week low is a key hedge area for the bulls and buyers may turn the trend aggressively in the upcoming trading sessions. However, crypto has fluctuated across a wider trading range over the past five months. In fact, the conceptual round level $1.0 is an expensive figure for the bulls.
Against the USDT pair, 1Inch Network crypto price is trading higher at $0.660 mark at press time. In the weekly price chart, buyers are going to record the third bullish candle this week. Thus, it’s up by 7.5% this week. The pair price of 1 INCH token belonging to the BTC is up 1.84% at 0.00003105 satoshis.
Amid the uptrend, 1 inch token stays above the red moving lines of the EMA Ribbon indicator. Now bulls are aiming to hit 200 DMA on a daily price scale.
On the daily price scale, the RSI indicator is approaching overbought areas. The RSI has strongly supported the bulls in the recent past. Besides, the MACD is expanding higher in the positive zone. And the histograms are making higher-highs.
Conclusion
1 Inch Network coin is trading at a 30 day high. The EMA Ribbon Indicator is about to change its signal and is going in favor of the bulls. Buyers look aggressive for an upward trend and the conceptual round level $1.0 is a costly figure.
Support level – $0.60 and $0.50
Resistance level – $0.70 and $1.0
