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The price of the 1INCHUSDT pair has increased by nearly 2% today. Although the token is trading above an important technical level, it can still be considered as consolidating above the $0.2474 price mark. However, it is worth examining the price dynamics in this market more closely.
1inch Statistics:
Current 1INCH Price: $0.2609
1inch Market Cap: $325,581,044
1INCH Circulating Supply: 1,257,408,596
1inch Total Supply: 1,500,000,000
1INCH CoinMarketCap Rank: 150
Key Price Levels:
Resistance: $0.2800, $0.3200, $0.3600
Support: $0.2400, $0.2200, $0.2000
1inch Price Action Sits Above the GMMA in the Session
As stated earlier, the price of the 1INCHUSDT token has increased by 1.92% today. As a result, the latest price candle is now just positioned above the green set of Guppy Multiple Moving Average (GMMA) lines. Despite this, price action in this market still appears to be consolidating between the $0.2474 and $0.3000 levels.
Additionally, the Stochastic Relative Strength Index (Stochastic RSI) lines seem to be on the verge of an upside crossover below the 80 mark of the indicator, suggesting that price action may soon receive a fresh boost towards higher levels.
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1INCHUSDT Upside Retracement Faces Minimal Rejection
In the 1-inch 4-hour market, price movement shows more signs of upward momentum. Since the previous session, price activity has risen through the intersection of the green and red lines of the GMMA indicator.
The current session has continued this upward movement but is encountering some resistance, as indicated by the appearance of an upper shadow at its close. Despite this, the Stochastic RSI lines continue to rise into the overbought region. Given this trend, more traders may follow crypto signals targeting the $0.2700 and $0.2800 price levels, as the available indicators support the likelihood of further upward movement.
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