1inch is a decentralized trading platform aggregator that helps execute high volume orders with low slippage. The protocol collects liquidity from DEXs using smart contract technology that splits a single transaction across multiple exchanges, giving users the opportunity to optimize their trades. The project has a very strong team that is working on improving the hot wallet.
🛠️ What about technical analysis?
The coin has been moving within a descending channel since May 2021. And starting from June 2022, the coin will hit the bottom at around $0.3-0.5 per coin. Over the past year, volumes have been growing, and the coin is in the loyahs. This means that there will be very inevitable growth ahead. The only question is to what levels they can take this coin.
First, the price needs to consolidate above the level of $0.6 (~+100% from the current $0.3!). If we break through resistance, we can expect an impulsive rise to a very strong resistance level at $2.24, which is a mirror level. It is unlikely that you will be able to break through this level the first time, so it is better to accumulate the coin now.
✳️ Entry price: $0.35
🛡️ Stop loss: I recommend taking a deal for investment without a stop.
💼 Volume per transaction: up to 1-2% of the crypto portfolio.
🎯 Goals: $0.9; $2.28; 4.5$.
📈 Rocket growth potential: up to 1100% by the end of 2024.
🔰 Result: According to the technique, the coin is completely ready for flight. The project occupies an important place among DEX aggregators, so in the event of a scam on any large centralized exchange, 1inch only wins in the long term.
However, among all the DEXs in my portfolio, the UNI/USDT coin ranks higher
