๐
$1INCH $BTC 1INCH/USDT Technical Analysis โ February 2, 2025 ๐ฏ
๐น Current Price: $0.2908 (-6.22%)
๐น 24h High: $0.3130 | 24h Low: $0.2861
๐น 24h Volume: 9.81M 1INCH (~$2.94M USDT)
๐ Market Overview:
1INCH has seen a sharp decline of over 6% in the past 24 hours, breaking below key support levels. The price is currently hovering near the 24h low, signaling potential further downside if buyers don't step in.
๐ Key Levels & Targets ๐ฏ
โ
Target 1: $0.3150 (Short-Term Resistance)
If 1INCH gains momentum, the first major resistance is around $0.3150.
Breaking above this level could indicate a reversal towards bullish sentiment.
โ
Target 2: $0.3450 (Mid-Term Resistance)
If bulls sustain buying pressure, 1INCH could climb to $0.3450.
This level aligns with the 50-day moving average and a key resistance zone.
โ
Target 3: $0.4000 (Major Breakout Zone)
A strong breakout above $0.3450 could push 1INCH toward $0.4000.
This would confirm a bullish reversal, attracting more traders.
๐ Bearish Scenario:
If the price fails to hold above $0.2860 (current support), we might see a drop to $0.2700 or lower.
Increased selling pressure could drive further declines.
๐ Indicators Analysis:
๐น RSI: Near oversold territory, indicating a possible reversal.
๐น MACD: Bearish crossover suggests caution.
๐น Support Levels: $0.2860 โ $0.2700
๐น Resistance Levels: $0.3150 โ $0.3450 โ $0.4000
๐ Conclusion: Watch for a breakout above $0.3150 for bullish confirmation. However, a drop below $0.2860 could trigger further losses. Trade with caution and set
#Binance #1INCH/USDT #Crypto #TechnicalAnalysis_Tickeron #Trading