1INCH/USDT Clinches Modest Recovery

As the crypto market slowly recovers from its recent sharp decline, the 1inch Network token has joined the list of assets showing signs of a rebound. As of the time of writing, 1INCH has gained 3.02%, although price action remains below key technical levels. Still, further movement may be on the horizon.

1INCH Statistics

Current Price: $0.2581

Market Capitalization: $358.83M

Circulating Supply: 1.39B

Total Supply: 1.5B

CoinMarketCap Rank: 144

Key Price Levels

Resistance: $0.2750, $0.3000, $0.3250

Support: $0.2500, $0.2250, $0.2000

1INCH/USDT Holds Steady Below Key Levels

The 1INCH token has rebounded from the $0.2400 support level, and this recovery has extended into its third consecutive session. Despite this momentum, price action remains below the middle band of the Bollinger Bands (BB) indicator.

Meanwhile, the Stochastic Relative Strength Index (SRSI) lines are moving upward within the oversold region, hinting at early bullish sentiment. However, the market remains exposed to potential bearish pressures, especially with resistance levels still intact overhead.

1INCH Network Faces Resistance (4-Hour Chart)

On the 1inch 4-hour chart, price action appears to be stalling. The token has climbed to the upper band of the BB indicator, but the latest candle appears red and dash-shaped, suggesting hesitation at higher levels.

Despite still hugging the upper band, the SRSI lines are now at the top of the overbought region and have started to drag sideways. This behavior often signals that buying momentum is fading and that a pullback toward lower levels, such as $0.2250, is likely in the near term.

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