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- 1 At the time of writing, the 1INCH crypto was trading near $0.60, recording a significant intraday rise of 2.23%.
- 2 The 1inch Network price registered a substantial growth in the last four weeks, adding nearly 53% to its value.
The 1inch Network (1INCH) is trading higher on grounds for the 5th consecutive week after the buyers extended the rally on Tuesday. The crypto is rising towards a major resistance zone which may halt further movement to the upside.
The weekly chart shows that the 1INCH crypto has been on an incline for the last four weeks, extending on the higher side in the earlier two sessions of the week. The bulls are in domination and might attempt to surpass the recent supply zone.
On the higher side, the $0.63 level may act as a major supply zone and the bears may try to enter and regain control over the short-term trend. The $0.63 level is a multi-month resistance which was tested previously in July 2023.
At the time of writing, the 1inch Network price was trading at $0.60, recording an intraday gain of 2.23%. It has a circulating supply of 1.14 Billion 1INCH tokens against a total supply of 1.5 Billion 1INCH tokens.
Fresh positive swings may be observed on the charts if the bulls surpass the recent supply level of $0.63. The bulls are in control of the short term trend, which may drive the price to the higher levels of $0.7 and $0.8 if a breakout is registered.
The 1inch Network Volume Analysis
The volume analysis shows that the 1INCH crypto has a daily volume of $78.72 Million, which is 9.12% higher than the previous day. It has a live market capitalization of $688.74 Million and ranks 121st in the overall crypto market.
Also, it has a volume-to-market cap ratio of 11.29%, indicating mild volatility in the crypto.
1INCH Crypto Indicator Analysis
The technical indicators imply a bullish outlook above the 20 and 50-Days EMAs. The weekly chart shows that the crypto rebounded from the 50-Day EMA and surged higher, indicating a bullish outlook.
1INCH Crypto Price Prediction March 2024
The most positive view of analysts suggests that the 1INCH price could reach a high of $0.85, indicating an upside potential of nearly 39.07% from the CMP if the bulls conquer the recent supply of $0.63 level.
The bearish view of our analysts hopes for the price to break below an important level of $0.5 level, below which the levels of $0.4 and $0.3 may be observed.
1inch Network Crypto Price Prediction 2024
The analysts have a wide range of price targets for the year 2024. The most optimistic view of analysts assumes that 1inch Network price could advance to a high of $1.38 on the higher side. The lower price target for 1INCH crypto is $1.039 by the year-end.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.
