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 allows users to trade multiple assets in a single transaction, without the need for multiple transactions or gas fees. With its innovative 1INCH token, users can earn rewards for providing liquidity and trading on the platform, while also benefiting from faster and cheaper trades. By leveraging the power of blockchain technology and smart contracts, 1inch aims to revolutionize the way we think about decentralized exchanges and trading in the cryptocurrency space.
1inch Price Overview:
As of September 22, 2023, 1inch is trading at approximately 0.2612 USDT. Let’s dive into the detailed price action for 1INCH-USDT:
| Metric | Value |
|---|---|
| Open (O) | 0.2587 |
| High (H) | 0.2638 |
| Low (L) | 0.2541 |
| Close (C) | 0.2612 |
| Volume (C) | 6,783,986.30 |
- Open (O): The opening price for today’s trading session was approximately 0.2587 USDT.
- High (H): 1inch reached a daily high of around 0.2638 USDT.
- Low (L): The daily low for 1INCH-USDT was approximately 0.2541 USDT.
- Close (C): At the time of analysis, 1inch is trading near its daily close of 0.2612 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | 0.97% |
| 3D Change (%) | 3.73% |
| 7D Change (%) | 2.35% |
| 30D Change (%) | 3.69% |
| 90D Change (%) | -20.00% |
| YTD Change (%) | -31.80% |
Over the past three days, 1INCHUSDT has risen by approximately 3.73%, showcasing increased market volatility. Throughout the last week, it continued to increase, with a gain of around 2.35%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with 1INCHUSDT maintaining an upward trend of approximately 3.69%, despite intermittent fluctuations. Examining the last 90 days, 1INCHUSDT has witnessed substantial drop of approximately -20.00%, reflecting strong long-term confidence. Year-to-date, 1INCHUSDT has steadily declined by around -31.80%, 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 0.42026.
- Momentum score is 0.03692.
1INCH USDT Technical Analysis
1inch Trading Volume:
The trading volume for 1inch (1INCH) over the past 24 hours has been insignificant, with approximately 6,783,986.30 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 above the 50-day SMA, indicating short-term bullish momentum.
- 200-day Simple Moving Average (SMA): 1inch is also trading above the 200-day SMA, indicating a positive long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for 1INCH-USDT is currently in the neutral zone, around 48.08274. This suggests that 1inch is in range-bound territory.
Analysis from TradingView:
Our Key Takeaways:
1inch (1INCH-USDT) is currently exhibiting signs of short-term bullish 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 neutral RSI and insignificant trading volume are neutral signals for potential sideways movement.
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.
