In this 1inch technical analysis, we will examine the current price action, trading volume, key levels and indicators for 1INCH-USDT. 1inch is a decentralized exchange (DEX) built on the Ethereum blockchain that utilizes liquidity pools to facilitate trading. It offers a non-custodial and permissionless platform for users to trade various assets, including tokens, smart contracts, and NFTs. With its innovative liquidity pool model, 1inch aims to provide a more efficient and secure trading experience for users compared to traditional centralized exchanges.
1inch Price Overview:
As of May 15, 2024, 1inch is trading at approximately 0.373 USDT. Let’s dive into the detailed price action for 1INCH-USDT:
| Metric | Value |
|---|---|
| Open (O) | 0.3547 |
| High (H) | 0.3759 |
| Low (L) | 0.3497 |
| Close (C) | 0.373 |
| Volume (C) | 4,431,345.10 |
- Open (O): The opening price for today’s trading session was approximately 0.3547 USDT.
- High (H): 1inch reached a daily high of around 0.3759 USDT.
- Low (L): The daily low for 1INCH-USDT was approximately 0.3497 USDT.
- Close (C): At the time of analysis, 1inch is trading near its daily close of 0.373 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | 5.10% |
| 3D Change (%) | 3.70% |
| 7D Change (%) | 1.69% |
| 30D Change (%) | -6.94% |
| 90D Change (%) | -17.46% |
| YTD Change (%) | -12.81% |
Over the past three days, 1INCHUSDT has increased by approximately 3.70%, showcasing increased market volatility. Throughout the last week, it continued to rise, with a gain of around 1.69%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with 1INCHUSDT maintaining a downward trend of approximately -6.94%, despite intermittent fluctuations. Examining the last 90 days, 1INCHUSDT has witnessed substantial decrease of approximately -17.46%, reflecting strong long-term confidence. Year-to-date, 1INCHUSDT has steadily depreciated by around -12.81%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
1inch Live Chart:
You can access a live price chart for 1INCH-USDT on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.
Price Volatility and Momentum:
- Volatility score is 0.50615.
- Momentum score is -0.14194.
1INCH USDT Technical Analysis
1inch Trading Volume:
The trading volume for 1inch (1INCH) over the past 24 hours has been insignificant, with approximately 4,431,345.10 USDT traded against 1INCH. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.
Moving Averages:
- 50-day Simple Moving Average (SMA): 1INCH is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): 1inch is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for 1INCH-USDT is currently in the low zone, around 42.35932. This suggests that 1inch is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
1inch (1INCH-USDT) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Additionally, the low RSI and insignificant trading volume are low signals for potential downward movement.
1inch (1INCHUSDT) faces challenges, trading at 3.73e-01 USDT, as technical analysis signals weakened support and cautionary indicators.
For a deeper dive into the subject, don’t miss our comprehensive analysis on 1INCH BTC 1inch Technical Analysis if you found this post intriguing.
Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.
Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.
Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.