Forecast $1INCH

·        Trend: A transition from a downtrend to a possible upward movement.

Support Levels:

1.      0.3709 USDT: First significant support level. The price may rebound upward. 🟢

2.      0.3123 USDT: The main support level that can stop the fall. 🟢

3.      0.2609 USDT: Next support level if the downtrend continues. 🟢

4.      0.2000 USDT: A critical support level, the breakdown of which could lead to a significant drop. 🟢

Resistance levels:🔴

1.      0.5324 USDT: The main resistance level, the breakdown of which will open the way to further growth.

2.      0.5823 USDT: Intermediate resistance level.

3.     0.6398 USDT: Short-term resistance level. 4.      0.6962 USDT: The nearest resistance level that needs to be overcome to start growth.

Possible scenarios:

1.      Bullish scenario 📈:

·        A breakout of the level of 0.5324 USDT (+8.29%) will open the way to growth to 0.5823 USDT (+18.37%) and further to 0.6398 USDT (+30.09%).

·        With a breakdown of 0.6962 USDT (+41.57%), further growth to 0.7989 USDT and higher is possible.

2.      Bearish scenario 📉:

·        In case of breakdown of support at level 0.3709 USDT, the price may drop to 0.3123 USDT (-36.48%).

·        A breakout of 0.3123 USDT could lead to a decline to 0.2609 USDT (-47.02%).

·        With strong bearish pressure, the price could reach 0.2000 USDT (-59.32%).

Indicators and patterns:

·        RSI: The relative strength indicator indicates a neutral state, signaling the possibility of a move in either direction.

·        Ichimoku Indicator: Current values ​​show an area of ​​uncertainty, but there are signs of a possible uptrend.

Conclusion:

📊 The current situation on the chart indicates the possibility of a trend reversal. If the bulls break through key resistance levels, the price could rise significantly. However, if the bears break through major support levels, the price may continue to fall. It is important to keep a close eye on the 0.5324 USDT and 0.3709 USDT levels