๐ 1INCH/USDT Analysis: Ready to Break Out? ๐
1INCH is showing signs of consolidation around $0.2316 with a modest +2.75% gain. Currently, the price is sandwiched between a support level at $0.2231 and a resistance level at $0.2342โwill we see a breakout soon? The short-term moving averages (MA7 and MA25) are closely aligned, signaling indecision in the market. Meanwhile, MA99 sits higher, hinting that the broader trend remains bearish.
๐ Entry Strategy: Bulls might consider entering on a clear breakout above $0.2342 for a potential rally, while a dip below $0.2231 could signal an opportunity for short positions. With the price range narrowing, keep a close watch on this pairโmomentum may be building for the next big move! ๐