The 1INCHUSDT market recorded a price increase of 3.35%. While this appears positive, it hasn’t lifted the token to any significantly higher level. In fact, the token still trades below key technical levels on the daily chart. Nevertheless, let’s take a closer look at the market below.
1inch Statistics
Current Price: $0.1762
Market Capitalization: $250.16M
Circulating Supply: 1.39B
Total Supply: 1.50B
CoinMarketCap Rank: 142
Key Levels
Resistance: $0.2000, $0.2500, $0.3000
Support: $0.1700, $0.1500, $0.1250
1INCHUSDT Sees a Little Upward Rebound
Trading in the 1inch market has remained below the 9-day Exponential Moving Average (EMA) line for the past two sessions. The latest price candle is green but continues to trade below the 9-day EMA curve.
Similarly, the Stochastic Relative Strength Index (SRSI) indicator lines maintain a downward orientation but are converging for a crossover in the oversold region. While the market remains largely suppressed, this convergence suggests a potential continuation of an upside retracement.
1inch Rebounds Toward a 9-Day EMA Base
While price activity in the 1INCHUSDT 4-hour chart currently stands above the 9-day EMA, the latest session has taken a bearish turn. The latest price candle is red but still positioned above the 9-day EMA curve.
This indicates that the market remains afloat. The SRSI indicator lines are holding above the 80 mark, keeping them in the overbought region. The terminal ends of the indicator lines are slightly curved sideways and remain just apart from forming a crossover.
While the market may continue upward, it appears that it may only reach the $0.1850 mark before the likelihood of a bearish rebound increases.
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