$1INCH /USDT Technical Analysis – Breakout Watch

Current Price: $0.4994

Timeframe: 30-Minute Chart (Binance)

Market Insight:

$1INCH /USDT is showing a recovery move with buyers stepping in at lower levels. Price is approaching key resistance levels, indicating a potential breakout.

Key Levels to Watch:

1. First Target: $0.5050 – Immediate resistance; a breakout above this confirms short-term bullish sentiment.

2. Second Target: $0.5100 – 24-hour high; clearing this level opens the door for a stronger move.

3. Third Target: $0.5200 – Significant resistance zone; breaking this level would confirm a bullish reversal.

Stop Loss: Below $0.4850 – Place stops under the last support to manage downside risk.

Volume Insights: Increasing buy volume near $0.4950 signals growing interest from buyers.

Trading Tip: Watch for a clean breakout above $0.5050 with volume confirmation. A strong close above $0.5100 can fuel momentum toward higher targets.

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