1INCH Navigates a Turn: Consolidation or Correction? 🟥🟩
#1INCH may have broken its upward channel, but the overall trend remains #bullish. The price respects key support and resistance levels, offering valuable insights.
Here's what to watch:
• Bitcoin Dependence: If #BTC dips to $60k, expect $1INCH to follow suit, potentially finding support around $0.3180-$0.3300.
• Strong Demand Zone: This support level coincides with a historical area of high buying activity, suggesting potential buying pressure.
While the chance of reaching this level seems high, it's not guaranteed.
Here's what to do:
• Monitor Bitcoin: A $BTC drop could trigger a 1INCH pullback.
• Consider the Support: The $0.3180-$0.3300 zone could be an opportunity for accumulation if the price holds.
What's Your Target For 1INCH ??
