1INCH Indicators Signal Potential Recovery Amid Bearish Phase
- 1INCH faces resistance at $0.3131 and finds support at $0.3045 in the last 24 hours.
- Bearish signals persist for 1INCH despite oversold MFI suggesting relief.
- Rising RSI hints at possible short-term 1INCH recovery.
Bullish momentum in the 1inch Network (1INCH) weakened when the 24-hour high of $0.3131 was tested. The price failed to break above this level, resulting in a minor market downturn.
Consequently, bears took control of the 1INCH market, lowering the price to an intraday low of $0.3045 until buyers stepped in and provided support. At the time of publication, 1INCH was trading at $0.3063, indicating a slight rebound from the intraday low.
During the drop, the market capitalization of 1INCH fell by 0.86% to $315,284,827, but its 24-hour trading volume increased by 11.40% to $18,400,820. Despite the price drop, the rise in trade volume implies more significant activity and interest in the 1INCH market. It shows that traders are actively buying and selling, which might indicate a possible rebound soon.
With a score of -0.00057444, the Moving Average Convergence Divergence (MACD) trend for 1INC…
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1INCH Indicators Signal Potential Recovery Amid Bearish Phase
- 1INCH faces resistance at $0.3131 and finds support at $0.3045 in the last 24 hours.
- Bearish signals persist for 1INCH despite oversold MFI suggesting relief.
- Rising RSI hints at possible short-term 1INCH recovery.
Bullish momentum in the 1inch Network (1INCH) weakened when the 24-hour high of $0.3131 was tested. The price failed to break above this level, resulting in a minor market downturn.
Consequently, bears took control of the 1INCH market, lowering the price to an intraday low of $0.3045 until buyers stepped in and provided support. At the time of publication, 1INCH was trading at $0.3063, indicating a slight rebound from the intraday low.
During the drop, the market capitalization of 1INCH fell by 0.86% to $315,284,827, but its 24-hour trading volume increased by 11.40% to $18,400,820. Despite the price drop, the rise in trade volume implies more significant activity and interest in the 1INCH market. It shows that traders are actively buying and selling, which might indicate a possible rebound soon.
With a score of -0.00057444, the Moving Average Convergence Divergence (MACD) trend for 1INC…
The post 1INCH Indicators Signal Potential Recovery Amid Bearish Phase appeared first on Coin Edition.
Read More