1INCH Price Preparing for a Breakout; Will It Fly to $1?
The 1INCH price forecast suggests that this cryptocurrency may perform well and make a massive breakout. Buyers are trying to break the $0.5000 barrier to push the price to new swing highs. If they succeed, the next phase of the rally may begin, which will reward investors in the long term.
The 1inch Network price is forming a bullish pattern on the daily chart. The bulls are active and are bouncing off small dips. However, the sellers in the supply zone are no less, they are successfully defending the upper boundary and limiting the surge.
The 1INCH cryptocurrency chart is strong, slow and steady, the bulls are expected to take control of the supply zone.
The 50-day and 200-day EMA are sloping upwards and serve as good support for the bulls. This indicates an uptrend. Thus, any short-term pullback to the support will have a high probability of reversal.
Currently, 1INCH price is trading at $0.4524 with an intraday drop of 2.73%. Over the last 24 hours, the volume to market cap ratio was $0.2987.
