The 1inch Price Prediction: Is a Bullish Run on the Horizon?
The 1inch price prediction suggests that a bullish run may be possible if the market can surpass the $3000 resistance level. Here are the key points:
- 1inch’s current price is $0.37 with a market cap of $353.4 million.
- The circulating supply of 1inch is 949.8 million, with a total supply of 1.5 billion.
- 1inch holds the #93 ranking on Coinmarketcap.
On the 1INCH/USD market, the price is experiencing a retracement towards the $0.36 resistance level, showing a 10.62% growth. However, a bullish movement is expected to continue as the market maintains an upward trend.
1inch’s price is likely to break higher if it exceeds the upper boundary of the channel. Resistance levels to watch for are $0.45, $0.50, and $0.55. Conversely, a bearish break below the 9-day moving average could bring the price down to support levels at $0.25, $0.20, and $0.15.
When compared to Bitcoin, the 1inch market is showing promising signs of higher highs. The nearest resistance level is at 1300 SAT, with higher resistance at 1400 SAT and above.
Alternative to 1inch, the $WSM token offers a similar movement and has raised close to $16 million in its presale.
Overall, the 1inch price prediction suggests a potential bullish run if certain resistance levels are surpassed. However, the market’s volatility should be taken into account.
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