$1INCH slipping further down? Bearish signals ahead! 📉⚠️

1inch ($1INCH ) is facing significant downward pressure as it struggles at the $0.239 mark. The 99-day SMA at $0.262 is looming overhead, acting as a firm resistance, while both the 7-day and 25-day SMAs are also sloping downwards, signaling ongoing bearish momentum. The MACD is deep in negative territory, with the histogram showing little signs of a reversal anytime soon. With the price failing to break past the $0.25 range, this could lead to another leg down.

Volume is fairly steady at 1.27M, but the buying pressure isn’t strong enough to reverse the trend just yet. Expect potential support around $0.22, but if that fails, $1$1INCH ght see a further slide down to $0.20. Unless we see a sudden spike in buying interest, this chart points to a continuation of the bearish trend. 😟

Stay cautious, as the bears still seem to be in control for now.