No support or resistance remain for 1InchHello trading view community, should you like this analysis please support with like and comment your idea below this analysis. Thank you.
Never risk more than you can afford to lose.
Always DYOR.
I have posted the following analysis on april approximately eight months ago,
tradingview.sweetlogin.com/proxy-s3
just as I analyzed it then it crashed deeply. Since the market has not yet chose its trend and kept on siding, but sooner or later we may witness a new crash on Bitcoin, so 1Inch will not be an exception.
Rumors about 1Inch:
until December 30, the team will release 222,187,500 coins, which is equivalent to more than $100 million. In terms of distribution, there is no exact release date. The 1inch Foundation is giving away coins on demand until December 30th, not on this specific day.
Now all the tokens are unlocked, some on Binance, some on wallets, which have already been tracked by a team of analysts from lookonchain.
If one hasn’t realized the scale yet, after the unlock, the 1INCH emission increased by 36%. 1inch is already down 6% today.
in spite of above rumors but 1Inch is in a downtrend pitch fork and it shows that crash may continue up to $0.30
