- The price of 1INCH is trading at $0.320.
- The 1INCH price decreased by 1.48% in the last 24 hours.
- The 1INCH year-to-date return is -16.67%.
Weekly Trend Analyzation
This week the trend was bullish as the price was up by 15.52%. By trend and price information history, we can say that 1INCH performed well this week.
Monthly Trend Analyzation
This month the trend was bearish as the price was down by 19.40%. By trend and price information history, we can say that 1INCH underperformed this month.
All-Time History Analyzation
The coin’s value plummeted by more than 95% in all-time history, giving low returns to the investors’ money.
Chart Analyzation In 1-D Timeframe
Trendline Analyzation
As per the trendline, it seems it is respecting multiple support and resistances very well. As observed on the chart, the 1INCH price is getting rejected from the trendline and can go downwards more shortly. This appears to be bearish. So, the price of 1INCH can reach $0.261 soon which is the nearest major support, and try to break the current support.
MACD
When the MACD line is below zero, the MACD line crosses above the signal line, it shows that the short-term momentum is stronger which is a bullish sign. In the overall trend, it is an indication that the moving average is below the long-term moving average, and therefore the trend is downward. Also, both are on the negative side and also below the zero line. Hence, MACD is giving bearish views on the coin.
EMA
The sellers are stronger than the buyers which shows that the price is not able to reach above resistance levels as resistance is high by the bears. To change the direction, the price has to go sustain above the 50 & 200 EMA. Hence, it can be suggested that the price might fall soon. Since, it is below the 50 & 200 EMA (exponential moving average), which is supporting the trend downwards. Investors’ sentiments regarding coins are negative and are on the bearish side.
RSI
As we can see in the chart, the RSI line has made a U-turn after a long bullish run i.e., it is trading at the median line having a value of 50.57 on the day of publication. The daily time frame chart suggests that the 1INCH coin is bearish.
Bollinger Band
In the Bollinger Band indicator, the 1INCH coin price is trading at the upper band. After taking rejection from the upper band of the Bollinger Bands and heading towards the lower band, it is indicating a downward move.
Volume Analyzation
The amount of 1INCH traded in a day is $122.871K. It fell by 26% since the last day. Therefore, it cannot push the price up, due to the lack of considerable volume present in the market.
Conclusion
Currently, the technical parameters for the 1INCH coin indicate bearish pressure. The views of traders and investors are bearish. If the price continues to move under the seller’s control, it is expected to fall more from the current levels. The sentiments of investors and traders are bearish regarding the price of the coin in the 1D timeframe.
Technical Levels:
- The Nearest Support level is $0.261.
- The Nearest Resistance level is $0.445.
Disclaimer
In this article, the views and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
