🚀 1INCH Analysis Update 🚀
1INCH has broken out of the long-term descending channel, signaling a potential bullish reversal. Here’s the breakdown of my technical analysis:
🔹 Imbalanced Zone: Price has retraced to the key demand zone around $405M market cap, which aligns with historical support levels. A strong reaction is expected here.
🔹 Targets:
• TP1: $504.73M
• TP2: $597.68M
These levels represent potential resistance zones where we could see price consolidate or reverse.
🔹 Momentum: Current price action shows healthy momentum, and if the support holds, we could see a significant rally toward TP1.
⚠️ Disclaimer: This is not financial advice. Please do your own research before making any trading decisions!
What’s your outlook for 1INCH? Share your thoughts below! 👇
