The daily price action of the 1INCH/USDT trading pair, revealing a downward trend within a descending channel. Recently, the price has moved above the channel's lower boundary and is testing a critical resistance zone, suggesting a potential reversal.
A strong demand zone has previously halted declines, and bullish momentum here may indicate a trend shift.
Targets at $0.2550, $0.3089, and $0.3542, with a final target around $0.5167, implying a potential 125% increase if bullish momentum persists.
Overall, the breakout from the descending channel and firm support levels indicate a bullish outlook, though monitoring volume and market sentiment is essential to confirm the uptrend's strength.
A strong demand zone has previously halted declines, and bullish momentum here may indicate a trend shift.
Targets at $0.2550, $0.3089, and $0.3542, with a final target around $0.5167, implying a potential 125% increase if bullish momentum persists.
Overall, the breakout from the descending channel and firm support levels indicate a bullish outlook, though monitoring volume and market sentiment is essential to confirm the uptrend's strength.
Order cancelled
Crossed below demand zone, Trade not activated
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.