- The 24 hours trading volume for the coin is 81,122,608 and the fall is visible by 52.04%.
- The coin shows the fall by 5.88% in price from the previous day opening(From Wednesday).
- The technical oscillators and MA summarises strong sell.
The 1inch coin has shown much of a swing pattern in this entire June and has also crossed its 200 days moving average once on 16 June. It had also crossed the SMA-50 level and showed this retracement on 15 June. Although the high for this token in this month was made when price was trailing below its 200 days moving average. This thing is ironic and this shows the coins potential. The token is not only volatile but also secures the holder’s belief. The hike in demand and supply is dynamic.
The token with BTC pair is trailing at the level of 0.0000753 with the loss by 2.75% and along with the ETH, the token is trailing at 0.001326 and the loss is 1.53%. The coin’s days range is 2.4440-2.8365 and presently running at the level of 2.56. The chart above shows the movement of this token with respect to SMA and RSI oscillator. RSI for the last five hours shows the value of 40.4865 and has sell action. MA-5 and MA-20 show the same sell action. EMA-5 and EMA-10 show the buy action. Bull/Bear power shows the sell action with the value of -0.2777.
Conclusion: the chart above shows the formation of the DOJI and the circle marked in RSI pattern shows the fine time to long the coin. DOJI had proven beneficial and the returns were seen just after the two days. As of now SMA-20 has been trailing below the SMA-50 and SMA-200 and so it could be a buying time and could expect the returns in the coming week.
(Note- The unit is USD)