1INCH/USDT based on your provided data ๐
๐ Current Market Snapshot
Price: $0.2505 (-0.91%)
24h High: $0.2673
24h Low: $0.2501
Volume (24h): 7.95 M 1INCH (~$2.06 M USDT)
Trend: Slight bearish pressure in the short term.
๐ Technical Indicators
1๏ธโฃ Moving Averages (MA/EMA):
MA (short-term): Near $0.257 โ price trading below MA, signaling bearish momentum.
EMA (20, 50): Short-term EMA crossing below the 50 EMA confirms a downward trend continuation unless reversed by strong buying volume.
2๏ธโฃ Bollinger Bands:
Bands tightening โ volatility decreasing.
Price hovering near the lower band ($0.2500) โ potential oversold zone, possible short-term bounce to $0.258โ$0.262** if support holds.
3๏ธโฃ Parabolic SAR (SAR):
SAR dots above price โ confirms bearish trend still active.
4๏ธโฃ MACD:
MACD histogram below zero, but flattening out โ bearish momentum weakening, potential setup for a bullish crossover in coming sessions.
๐ Support and Resistance Levels
LevelTypeComment$0.2500 โ $0.2490Major SupportKey zone; breakdown could send price to $0.2420$0.2580 โ $0.2620Minor ResistanceShort-term bounce target$0.2670 โ $0.2700Strong ResistanceNeeds volume breakout for bullish reversal
๐ฎ Outlook
Short-term (1Dโ4H): Bearish-to-neutral bias unless $0.262+ is reclaimed with volume.
Medium-term (1W): Consolidation likely between $0.245โ$0.270.
If price breaks below $0.249, expect potential retest of $0.240 support zone.
โ ๏ธ Market Sentiment
News: โ1inch Team Sells WBTC and ETH Amid Lossesโ โ this could contribute to short-term selling pressure on 1INCH as investors react to team activity.
Would you like me to provide a 4H trading strategy (entry, stop loss, and target levels) based on this setup?
#BNBmemeszn #KlinkBinanceTGE #BNBMarketCapThirdLargest #WhaleWatch #PerpDEXRace $1INCH
