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1INCH / TetherUS

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1INCHUSDT trade ideas

1INCHUSDT | More Correction Over the Weekend?Market Context Sell pressure in the crypto market is still relentless, and I anticipate more downward action before the eventual pump. This weekend could be pivotal. Chart Analysis 1INCHUSDT is presenting a fascinating opportunity with a great risk-reward ratio. The current setup suggests that we could see a further correction before the bulls take over. Strategy The market is ripe for a test of this theory. With selling pressure still strong, I’m gearing up to short 1INCHUSDT. If the market behaves as expected, this could be a rewarding trade. Action Plan Let's test this theory and see if we can capitalize on the expected downturn. Stay tuned for updates—this weekend could be very interesting!
Short
by minno91
1INCH price shows promise for a potential rallyThe 1INCH ( CRYPTOCAP:1INCH ) price is likely to face a pullback after rallying 15% since Tuesday, but a price decline towards $0.471-$0.443 could provide an opportunity for sidelined buyers. The price rally is fueled by rising Open Interest, which indicates the total number of outstanding derivative contracts and whether money flows into the contract are increasing or decreasing. The 1INCH price broke the resistance level at $0.443 on Tuesday and has rallied 17% since then. If the price bounces off the $0.471 level, it could rally 20% to the 61.8% Fibonacci retracement level (plotted from the March 13 high of 0.704 to the April 13 low of 0.327) at $0.560. Santiment's Supply on Exchanges index shows 1INCH tokens available on centralized platforms plummeted from roughly $117 million to $94 million from May 28 to 30. This 19% drop in tokens held on exchanges indicates that investors are confident in 1INCH price performance and are not looking to sell. If the daily candlestick closes below the weekly support at $0.327, 1INCH price will form a lower low in the higher time frame, indicating a bearish market structure. Thus, the bullish thesis would be invalidated, triggering a potential crash to $0.275, roughly 16% away from $0.327.
by DEXWireNews
1inch Targeting 4$ from here.The 1inch Network unites decentralized protocols whose synergy enables the most lucrative, fastest, and protected operations in the DeFi space. The 1inch Network's first protocol is a decentralized exchange (DEX) aggregator solution that searches deals across multiple liquidity sources, offering users better rates than any individual exchange. The 1inch Aggregation Protocol incorporates the Pathfinder algorithm for finding the best paths across over 400+ liquidity sources on 12 chains: Ethereum, BNB Chain, Polygon, Avalanche, Optimism, Arbitrum, Fantom, Gnosis Chain, Klaytn, Aurora, zkSync and Base.
Long
by Gul_Ahmad
5
1INCH- DCAing while still cheap!1Inch is the most used DEX Aggregator and has more liquidity than any DEX. And yet, the token associated with the project hasn't seen much growth for several years yet. The price is still in the accumulation phase, but we can see that it is sustained and that long-term investors haven't given up on the project. At its maximum capitalization, this crypto was valued at $1.8B, and is today about $520M. We can expect some uptrend for this project that kept building during the bear market, showing its utility and attracting new users. That's why it may be a good idea to apply a DCA strategy while we are still in the accumulation phase. The main support is around $0.36 and the bottom line at $0.23, we can consider the buying zone from these points util we reach and break the $0.65 level. After that, the Take Profit zones will be given by main resistance levels such as $1.30 and $2. This kind of strategy requires patience, knowledge and strong convictions about the project, so don't forget to do your own research!
Long
by vf_investment
4