1inch is a DEX aggregator that displays the best crypto price across various decentralized exchanges. 1INCH is their customized token and the only way to earn this token is by providing liquidity to the 1inch ecosystem. 1inch is bringing the fastest, most secure DEX to multiple high-performance blockchains. 1INCH is currently available on Ethereum and Binance Smart Chain, with Polkadot and others to follow. Past Trends On March 10, 2021, the opening price of 1INCH was $4.44. As of March 16, 2021, the closing price was $4.56. Thus, the price has surged by approximately 3%, in the past week. In the last 24 hours, 1INCH has traded between $4.25 and $4.61. https://ift.tt/3vyDRN8 Day-Ahead and Tomorrow Currently, 1INCH is trading at $4.46. The price has dropped slightly from the opening price of $4.56. Thus, the market is downtick. The A/D indicator has sharply risen in the past six hours. Thus, whale accumulations are higher than whale distributions. High buying pressures will lead to a price rise. Thus, the 1INCH price is likely to go up. The MACD and signal lines are positive. Thus, the overall market momentum is bullish. Plus a bullish crossover of the MACD line over the signal line further gives credence to a price uptrend. Thus, the price is likely to rise further. Currently, the RSI indicator is at 75%. It is in the ‘overbought’ region indicating that buying pressures are high. It may be a good time for day traders to go short. High demand for the crypto will lead to a further increase in its price. 1INCH Price Analysis Presently, the price is below the Fibonacci pivot point of $4.47. But, since all the indicators have pointed towards a bullish market trend, we can expect the price to surpass the first resistance level of $4.61, in some time. The current price pullback seems more like a market price correction process and not a price downtrend. The price is currently testing the 50% FIB retracement level of $4.43. However, with positive signs coming from all the oscillators, by day close, we can expect the price to break out of the 23.6% FIB retracement level of $4.52. In that case, the price uptrend is likely to continue tomorrow as well.
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