1INCH Technical Analysis in Daily Timeframe

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Now, let’s dive into this chart analysis:

1INCH has been in a bearish trend and recently hit a local low of $0.3064, managing to bounce back and close under the triangle support.

The price is currently testing the 25 EMA resistance and is likely to test the resistance trendline soon. A breakout and close above the resistance trendline will likely create a bullish scenario for 1INCH.

Key Observations:

~ Primary Support: $0.345.
~ Lower support: $0.3064.
~ Primary Resistance: $0.4.
~ Invalidation Point: Breakdown and close below the support levels.

DYOR, NFA.

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