Is #1INCH Ready For a Major Move or Not? Key Levels to Watch

25 gru 2024

Yello, Paradisers! Is a decisive breakout brewing for #1INCH, or are we in for more sideways action? Let’s dive into the latest analysis of #1INCHNetwork:

💎After an extended period of consolidation, #1INCHUSDT is forming a clear Falling Wedge pattern, a structure often hinting at a potential bullish reversal. The price is currently trapped between Descending Resistance and Descending Support, coiling tighter with each move. The question is—will the bulls finally step up to break free?

💎To ignite a rally, #1INCHUSD must break above the $0.5049 resistance level, which has been a major obstacle. A decisive breakout here, backed by strong trading volume, could propel the price toward the next significant target in the $0.65-$0.70 resistance zone. Keep an eye out for momentum indicators like RSI and a volume spike to confirm this breakout.

💎On the flip side, the $0,38 support zone is critical where buyers have consistently stepped in. If the price closes below this level on the daily timeframe, the bulls will likely catch their next opportunity at the $0.312 strong demand level.

💎The true risk emerges if the $0.312 demand fails. A breakdown here would likely hand control back to the bears, leading to a deeper correction and squashing hopes for a short-term bullish recovery.

Stay focused, patient, and disciplined, Paradisers🥂

MyCryptoParadise
iFeel the success🌴