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- 1 1inch Network crypto has jumped above 20, 50, 100, and 200-Day daily moving averages.
- 2 Bulls are showing their strength and extending the gains.
- 3 1inch Network crypto rallied in the previous trading sessions break above the key moving averages.
1inch Network crypto is heading in the upward direction by making a higher high structure. The bulls are supporting the price and overpowering the bears. However, it needs more buyers to reach the upper levels.
As per the TradingView data, 1inch Network’s crypto price is trading at $0.446 with an intraday gain of 2.53%, indicating a bullish trend. A 24-hour Trading volume is 28.35 Million, and the market capitalization stands at $512.59 Million.
Technical Analysis Of 1inch Network Crypto On Daily Time Frame
At the time of writing, 1inch Network crypto (USD: 1inch ) is trading above the 50 and 200-Day EMAs (Exponential moving averages), supporting the price trend.
The current value of RSI is 55.35 points. The 14 SMA is above the median line at 56.82 points which indicates that the 1inch Network crypto is bullish.
The MACD line at 0.009 and the signal line at 0.008 are above the zero line. A bullish crossover is observed in the MACD indicator which signals more bullishness for the 1inch crypto price.
Technical Analysis Of 1inch Network Crypto On 4-H Time Frame
The recent performance of 1inch Network’s cryptocurrency indicates bullish strength, with short-term charts showing favorable outcomes. Additionally, the cryptocurrency’s price is currently trading above major EMAs, indicating further strength.
The RSI curve is hovering around 48, which is considered a neutral zone, but has a positive outlook, indicating bullish sentiment in the cryptocurrency. The MACD indicator has formed a green band, and a bullish crossover has appeared, suggesting a corrective move.
Technical Analysis Of 1inch Network Crypto On Weekly Time Frame
The weekly chart of the 1-inch Network Crypto displays a dominance of buyers. The cryptocurrency is currently in an uptrend after surpassing the main EMA. Technical indicators also support the bullish sentiment, as RSI is near the overbought zone of 60, and MACD has formed a bullish crossover with the green band. These signals indicate that the cryptocurrency could face even greater upward pressure in the upcoming weeks.
1inch investors should not fall for the hype. The crypto market creates a sense of urgency to lure more investors and lenders. It is wise to stay away from it as it may contribute to the market instability.
Summary
The 1inch Network cryptocurrency is currently showing bullishness on the daily time frame, with several technical indicators supporting this outlook. The RSI curve has risen from the oversold region, indicating a bullish divergence and suggesting a positive outlook for upcoming trading sessions.
Technical Levels
Support Levels: $0.352 and $300.00.
Resistance Levels: $0.445 and $0.469.
Disclaimer
This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions
Steefan George is a crypto and blockchain enthusiast, with a remarkable grasp on market and technology. Having a graduate degree in computer science and an MBA in BFSI, he is an excellent technology writer at The Coin Republic. He is passionate about getting a billion of the human population onto Web3. His principle is to write like “explaining to a 6-year old”, so that a layman can learn the potential of, and get benefitted from this revolutionary technology.
