• The price of 1INCH is trading near $0.263443.The 24-hour trading volume was at $12.49 million.

• The 1INCH price is observing a rise of 0.90% in the last 24 hours.
• The 1INCH  market cap is $250752725.

Trend Analysis

By studying the previous price data, we can say that 1INCH is in a downtrend currently. The price is declined in the last seven days and we can say that 1INCH is underperforming right now. From its peak price, it fell 96.96% since the last year and destroyed the investors’ wealth. As we know, the current market sentiments are not good and there is no big volume and buyers available in the current market condition right now. This could be a reason for the underperformance of the coin.

1INCH Price Analysis

EMA: The price of 1INCH presently is trading below 50 and 200 EMA which suggests the price could fall soon. If the sellers continue to push the price downwards, it could fall more in value in the upcoming week. 

MACD: Right now, MACD is giving bearish views. The MACD line is at -0.0397 and the signal line is at -0.0336. Both are on the negative side and give bearish signals and are also below the zero line.

RSI: The RSI line has been moving in the oversold territory for the past few days. The 14 SMA has a value of 25.11 points and the RSI line is around 18.77. This indicates that the 1INCH market is in the oversold zone.

Stochastic RSI: The current %d line is at 2.16 and the %k line is at 1.07 which indicates 1INCH is in an oversold zone.

Trendline Analysis:

As per the Trendline, it seems it’s respecting the Trendline. For now, it’s getting rejection from the trendline and can go downwards more shortly. This appears to be bearish. So, the price of 1INCH can continue to fall and try to break the current support.

Volume Analysis: NEM (XEM) trading volume of 24 hours is $11696297 with a 12.30% increase in volume in the last 24 hours. Currently, the volume is low because of adverse market conditions and a lack of buyers in the market.

Technical Levels:

• The Nearest Support Zone  – $0.2319 then $0.2137
• The Nearest Resistance Zone – is $0.3108 then $0.0.3407

Conclusion

According to the analysis, The indicators indicate a bearish signal. The price is under the control of bears, and it is expected to fall more in the upcoming future. 

1INCH’s price presently shows a pessimistic scenario. Major reliable indicators like EMA, RSI, and MACD are giving negative signals about the 1INCH coin. Investors are also not showing any big buying interest and this could be happening because of the consistent negative performance of the coin. If the coin breaks the current level, then the chances of the coin falling further may also increase.

Disclaimer

The analysis given above is for informational and educational purposes only. You should not be taken it as financial, investment, or any other trading advice. Investing in or trading crypto assets is risky. Please consider your circumstances and risk profile before making any investment decisions.