In this 1inch Network price prediction 2024, 2025-2030, we will analyze the price patterns of 1INCH by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency.
1inch Network (1INCH) Current Market Status
What is 1inch Network (1INCH)
1inch Network (1INCH) is an innovative decentralized aggregator. It provides a variety of products including 1inch dApp, wallet, developer portal, portfolio and other Web3 operations. The network allows users to choose the best price for a trade by scanning several exchanges. Recently, it made significant token purchases that caught market attention.
Additionally, it also includes a limit order protocol, which allows users to set a price at which they want to buy or sell an asset. 1INCH is the governance token of the ecosystem and was launched in December 2020. The ecosystem has also recently collaborated with Mastercard (NYSE:MA) to launch a crypto debit card.
1inch Network 24H Technicals
1inch Network (1INCH) Price Prediction 2024
1inch Network (1INCH) ranks 138th on CoinMarketCap in terms of its market capitalization. The overview of the 1inch Network price prediction for 2024 is explained below with a daily time frame.
In the above chart, 1inch Network (1INCH) laid out an Ascending Triangle pattern. The ascending triangle is a characteristic pattern of an ongoing bullish trend. This triangle is formed by a horizontal upper trendline that connects the highs, indicating a consistent level of resistance, and a lower trendline that connects the rising lows, reflecting increasing buying pressure.
As the price approaches the apex of the triangle, the tension between buyers and sellers intensifies. If the trend breaks out at the resistance level, the price will continue to move up in this ascending triangle pattern, often leading to further gains. Traders typically look for confirmation of the breakout, which can enhance the likelihood of a successful upward move.
At the time of analysis, the price of 1inch Network (1INCH) was recorded at $0.5089. If the pattern trend continues, then the price of 1INCH might reach the resistance levels of $0.5579, and $0.7346. If the trend reverses, then the price of 1INCH may fall to the support of $0.4650 and $0.4017.
1inch Network (1INCH) Resistance and Support Levels
The chart given below elucidates the possible resistance and support levels of 1inch Network (1INCH) in 2024.
From the above chart, we can analyze and identify the following as the resistance and support levels of 1inch Network (1INCH) for 2024.
1inch Network (1INCH) Price Prediction 2024 — RVOL, MA, and RSI
The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of 1inch Network (1INCH) are shown in the chart below.
From the readings on the chart above, we can make the following inferences regarding the current 1inch Network (1INCH) market in 2024.
1inch Network (1INCH) Price Prediction 2024 — ADX, RVI
In the below chart, we analyze the strength and volatility of 1inch Network (1INCH) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI).
From the readings on the chart above, we can make the following inferences regarding the price momentum of 1inch Network (1INCH).
Comparison of 1INCH with BTC, ETH
Let us now compare the price movements of 1inch Network (1INCH) with that of Bitcoin (BTC), and Ethereum (ETH).
From the above chart, we can interpret that the price action of 1INCH is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of 1INCH also increases or decreases respectively.
1inch Network (1INCH) Price Prediction 2025, 2026 – 2030
With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of 1inch Network (1INCH) between 2025, 2026, 2027, 2028, 2029, and 2030.
Conclusion
If 1inch Network (1INCH) establishes itself as a good investment in 2024, this year would be favorable to the cryptocurrency. In conclusion, the bullish 1inch Network (1INCH) price prediction for 2024 is $1.0234. Comparatively, the bearish 1inch Network (1INCH) price prediction for 2024 is $0.2633.
If there is a positive elevation in the market momentum and investors’ sentiment, then 1inch Network (1INCH) might hit $2. Furthermore, with future upgrades and advancements in the 1inch ecosystem, 1INCH might surpass its current all-time high (ATH) of $7.87 and mark its new ATH.
This content was originally published by our partners at The News Crypto.