📊$1INCH $BTC

1INCH/USDT Technical Analysis – February 2, 2025 🎯

🔹 Current Price: $0.2908 (-6.22%)

🔹 24h High: $0.3130 | 24h Low: $0.2861

🔹 24h Volume: 9.81M 1INCH (~$2.94M USDT)

📉 Market Overview:

1INCH has seen a sharp decline of over 6% in the past 24 hours, breaking below key support levels. The price is currently hovering near the 24h low, signaling potential further downside if buyers don't step in.

📈 Key Levels & Targets 🎯

✅ Target 1: $0.3150 (Short-Term Resistance)

If 1INCH gains momentum, the first major resistance is around $0.3150.

Breaking above this level could indicate a reversal towards bullish sentiment.

✅ Target 2: $0.3450 (Mid-Term Resistance)

If bulls sustain buying pressure, 1INCH could climb to $0.3450.

This level aligns with the 50-day moving average and a key resistance zone.

✅ Target 3: $0.4000 (Major Breakout Zone)

A strong breakout above $0.3450 could push 1INCH toward $0.4000.

This would confirm a bullish reversal, attracting more traders.

📉 Bearish Scenario:

If the price fails to hold above $0.2860 (current support), we might see a drop to $0.2700 or lower.

Increased selling pressure could drive further declines.

📊 Indicators Analysis:

🔹 RSI: Near oversold territory, indicating a possible reversal.

🔹 MACD: Bearish crossover suggests caution.

🔹 Support Levels: $0.2860 → $0.2700

🔹 Resistance Levels: $0.3150 → $0.3450 → $0.4000

🚀 Conclusion: Watch for a breakout above $0.3150 for bullish confirmation. However, a drop below $0.2860 could trigger further losses. Trade with caution and set

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