In this 1inch Network price prediction 2024, 2025-2030, we will analyze the price patterns of 1INCH by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency.
TABLE OF CONTENTS
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INTRODUCTION
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1inch Network (1INCH) PRICE PREDICTION 2024
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1inch Network (1INCH) PRICE PREDICTION 2025, 2026, 2027-2030 |
CONCLUSION |
FAQ |
Current Price | $0.4807 |
24 – Hour Price Change | 1.20% Up |
24 – Hour Trading Volume | $86.01M |
Market Cap | $671.72M |
Circulating Supply | 1.39B 1INCH |
All – Time High | $$7.87 (On May 09, 2021) |
All – Time Low | $0.2135 (On Sep 04, 2024) |
TICKER | 1INCH |
BLOCKCHAIN | 1inch Network |
CATEGORY | Decentralized Exchange (DEX) aggregator |
LAUNCHED ON | December 25, 2020 |
UTILITIES | Aggregation, Liquidity, and limit order |
1inch Network (1INCH) is an innovative decentralized aggregator. It provides a variety of products including 1inch dApp, wallet, developer portal, portfolio and other Web3 operations. The network allows users to choose the best price for a trade by scanning several exchanges. Recently, it made significant token purchases that caught market attention.
Additionally, it also includes a limit order protocol, which allows users to set a price at which they want to buy or sell an asset. 1INCH is the governance token of the ecosystem and was launched in December 2020. The ecosystem has also recently collaborated with Mastercard to launch a crypto debit card.
1inch Network (1INCH) ranks 138th on CoinMarketCap in terms of its market capitalization. The overview of the 1inch Network price prediction for 2024 is explained below with a daily time frame.
In the above chart, 1inch Network (1INCH) laid out an Ascending Triangle pattern. The ascending triangle is a characteristic pattern of an ongoing bullish trend. This triangle is formed by a horizontal upper trendline that connects the highs, indicating a consistent level of resistance, and a lower trendline that connects the rising lows, reflecting increasing buying pressure.
As the price approaches the apex of the triangle, the tension between buyers and sellers intensifies. If the trend breaks out at the resistance level, the price will continue to move up in this ascending triangle pattern, often leading to further gains. Traders typically look for confirmation of the breakout, which can enhance the likelihood of a successful upward move.
At the time of analysis, the price of 1inch Network (1INCH) was recorded at $0.5089. If the pattern trend continues, then the price of 1INCH might reach the resistance levels of $0.5579, and $0.7346. If the trend reverses, then the price of 1INCH may fall to the support of $0.4650 and $0.4017.
The chart given below elucidates the possible resistance and support levels of 1inch Network (1INCH) in 2024.
From the above chart, we can analyze and identify the following as the resistance and support levels of 1inch Network (1INCH) for 2024.
Resistance Level 1 | $0.6375 |
Resistance Level 2 | $1.0234 |
Support Level 1 | $0.4049 |
Support Level 2 | $0.2633 |
The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of 1inch Network (1INCH) are shown in the chart below.
From the readings on the chart above, we can make the following inferences regarding the current 1inch Network (1INCH) market in 2024.
INDICATOR | PURPOSE | READING | INFERENCE |
50-Day Moving Average (50MA) | Nature of the current trend by comparing the average price over 50 days | 50 MA = $0.3722 Price = $0.5070 (50MA < Price) |
Bullish/Uptrend |
Relative Strength Index (RSI) | Magnitude of price change;Analyzing oversold & overbought conditions | 56.1609 <30 = Oversold 50-70 = Neutral >70 = Overbought |
Neutral |
Relative Volume (RVOL) | Asset’s trading volume in relation to its recent average volumes | Below cutoff line | Weak Volume |
In the below chart, we analyze the strength and volatility of 1inch Network (1INCH) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI).
From the readings on the chart above, we can make the following inferences regarding the price momentum of 1inch Network (1INCH).
INDICATOR | PURPOSE | READING | INFERENCE |
Average Directional Index (ADX) | Strength of the trend momentum | 47.9175 | Very Strong Trend |
Relative Volatility Index (RVI) | Volatility over a specific period | 60.62 <50 = Low >50 = High |
High Volatility |
Let us now compare the price movements of 1inch Network (1INCH) with that of Bitcoin (BTC), and Ethereum (ETH).
From the above chart, we can interpret that the price action of 1INCH is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of 1INCH also increases or decreases respectively.
With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of 1inch Network (1INCH) between 2025, 2026, 2027, 2028, 2029, and 2030.
Year | Bullish Price | Bearish Price |
1inch Network (1INCH) Price Prediction 2025 | $3 | $0.1 |
1inch Network (1INCH) Price Prediction 2026 | $3.5 | $0.09 |
1inch Network (1INCH) Price Prediction 2027 | $4 | $0.08 |
1inch Network (1INCH) Price Prediction 2028 | $4.5 | $0.07 |
1inch Network (1INCH) Price Prediction 2029 | $5 | $0.06 |
1inch Network (1INCH) Price Prediction 2030 | $5.5 | $0.05 |
If 1inch Network (1INCH) establishes itself as a good investment in 2024, this year would be favorable to the cryptocurrency. In conclusion, the bullish 1inch Network (1INCH) price prediction for 2024 is $1.0234. Comparatively, the bearish 1inch Network (1INCH) price prediction for 2024 is $0.2633.
If there is a positive elevation in the market momentum and investors’ sentiment, then 1inch Network (1INCH) might hit $2. Furthermore, with future upgrades and advancements in the 1inch ecosystem, 1INCH might surpass its current all-time high (ATH) of $7.87 and mark its new ATH.
1inch Network (1INCH) is an innovative dex aggregator that allows users to find the best prices and to set their trade to buy or sell at particular prices.
1inch Network (1INCH) has been listed on many crypto exchanges which include Binance, Coinbase, Kraken, KuCoin, OKEx and Huobi Global.
With the ongoing developments and upgrades within the 1inch Network platform, 1inch Network (1INCH) has a high possibility of reaching its ATH soon.
1inch Network (1INCH) hit its current all-time high (ATH) of $7.87 on May 09, 2024.
According to CoinMarketCap, 1INCH hit its all-time low (ATL) of $0.2135 on September 04, 2024.
If 1inch Network (1INCH) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $2 soon.
1inch Network (1INCH) price might reach $3 by 2025.
1inch Network (1INCH) price might reach $3.5 by 2026.
1inch Network (1INCH) price might reach $4 by 2027.
1inch Network (1INCH) price might reach $4.5 by 2028.
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Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.