- 1inch coin price shows weakness around $2.70 on an intraday trading session
- The 24-hour trading volume in 1INCH is at $273.66 Million
- The 1INCH/BTC pair was trading at 0.00009013 BTC with an incline of 8.0%
The daily technical chart of the 1inch coin price movement is in an uptrend and is struggling to break above EMA-200. According to pivot points, 1inch’s significant support level is $1.95. Besides, if it heads up, the primary resistance level to watch is $4.30. Moreover, the chart features a bullish engulfing candle describing bullish reversal with high reliability.
Stochastic RSI indicator (BULLISH), with a value of K-75 D-46, indicates a buy signal in the coin. Moreover, Investors can see a positive slope and a positive crossover in the index, which may surge in future trading sessions.
The Moving Average Exponential (EMA), consisting of 50-EMA, acts as unbroken support in the asset price movement. Investors may witness the price testing the red line, so if the price breaks above the EMA bullish trend in 1inch will begin.
The volume of (712.40K) showcases a low volume below the Volume MA (1.37M) of 20-days. Traders are directing average volume in the order book, resulting in price level increases. Investors may also observe tiny red volume bars in the chart.
The Parabolic SAR also suggests a buy signal in intraday, and Until the yellow dots remain below the price candlesticks, it will assure a bullish trend in 1inch.
Bulls Struggles To Push The Price Of 1inch Coin Above EMA-50
1inch coin price traded at $3.76 with a gain of 11.54% in the last 24-hour period and 7.4% gains weekly. Furthermore, 1INCH is testing the EMA-50 at $3.88. In contrast, the market capitalization stands at $621.58 Million. Technically, investors can perceive a positive slope and crossover in Stochastic RSI. The price is fighting the EMA-50. Besides, average volume is maintained in the coin. Moreover, the price move can get some minor corrections from the EMA-50 in future trading sessions.
Resistance: $4.30
EMA-200: 3.88
Support: $1.95