{"id":19301,"date":"2023-03-30T13:56:48","date_gmt":"2023-03-30T13:56:48","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/16-spike-gives-1inch-new-ytd-target\/"},"modified":"2023-03-30T13:56:48","modified_gmt":"2023-03-30T13:56:48","slug":"16-spike-gives-1inch-new-ytd-target","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/16-spike-gives-1inch-new-ytd-target\/","title":{"rendered":"16% spike gives 1INCH new YTD target"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/1680183304390-fa11f071-6917-4548-8b78-356a59d82e1a-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/1680183304390-fa11f071-6917-4548-8b78-356a59d82e1a-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/1680183304390-fa11f071-6917-4548-8b78-356a59d82e1a-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/1680183304390-fa11f071-6917-4548-8b78-356a59d82e1a-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li>\n<p><span class=\"fr-close-ul\">1inch price broke higher on Thursday, rising by more than 10% on the day as 24-hour gains hit 16%.\u00a0<\/span><\/p>\n<\/li>\n<li>\n<p><span class=\"fr-close-ul\">A bullish scenario for 1INCH could see its price break to $1 in the short term.\u00a0<\/span><\/p>\n<\/li>\n<li>\n<p><span class=\"fr-close-ul\">The bearish case could materialise if sellers target $0.48.\u00a0<\/span><\/p>\n<\/li>\n<\/ul>\n<p class=\"fr-img-space-wrap\">1inch (1INCH) price is up 16% in the past 24 hours as of 8:45am ET on Thursday, with the cryptocurrency seeing huge buying pressure to invalidate a bearish formation that appeared after <a href=\"https:\/\/coinjournal.net\/news\/1inch-1inch-pulls-back-after-24-hour-surge-what-does-the-future-hold\/\">breaking lower mid-March<\/a>.<\/p>\n<p class=\"fr-img-space-wrap\">The 1INCH\/USD pair is trading at its highest price level since 1 March, and the last 24 hours have been the best for bulls since 21 February 2023.<\/p>\n<h2>1INCH price breakout \u2013 what\u2019s the short term target?<\/h2>\n<p dir=\"ltr\">The bounce from lows of $0.48 on Monday had the 1INCH\/USD pair just shy of the $0.60 resistance level, with the technical picture suggesting bulls have taken control. Indeed, the bullish breakout has 1INCH price sporting a 4% green candle on the hourly time frame as <a href=\"https:\/\/coinjournal.net\/price\/\">prices<\/a> of major coins reclaim key levels.<\/p>\n<p dir=\"ltr\">As can be seen in the chart below, 1inch price has soared with three consecutive daily green candles and both the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) on the daily chart indicating bulls have an upper hand.<\/p>\n<p dir=\"ltr\"><span class=\"fr-img-caption fr-fic fr-dib\" style=\"width: 700px\"><span class=\"fr-img-wrap\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/media.igms.io\/2023\/02\/30\/1680182765966-0627d50d-9788-4a1a-bbae-70eb329f0a9b.png\" style=\"width: 700px\" class=\"fr-fic fr-dib\" width=\"700\" height=\"233\"\/><span class=\"fr-inner\">1inch price chart showing huge breakout in past 24 hours. Source:\u00a0<a href=\"https:\/\/www.tradingview.com\/x\/Z8t1pMUj\/\" rel=\"noopener noreferrer\" target=\"_blank\">TradingView<\/a><\/span><\/span><\/span>Market data\u00a0shows massive open interest for 1inch. If bulls sustain the upward momentum, a breakout above $0.60 could see the 1inch token target the next major resistance zone near $0.68.<\/p>\n<p dir=\"ltr\">The psychological $1 level is a key area of interest in the short term, especially given 1INCH traded to its all-time high of $8.65 in October 2021.<\/p>\n<h2 dir=\"ltr\">1INCH price: what\u2019s the bearish scenario?<\/h2>\n<p dir=\"ltr\">At current prices, 1INCH is trading at levels likely to attract profit booking from some investors. The outlook could come into play if rejection at current highs sees the support at the 100 day simple moving average pierced.<\/p>\n<p dir=\"ltr\">The case is also suggested by the upward sloping RSI, which is trending towards the overbought territory. This means that should bears retake initiative, a breakdown at $0.48 would risk further losses to the $0.43 area.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/1inch-price-prediction-as-1inch-surges-16-to-multi-week-highs\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) 1inch price broke higher on Thursday, rising by more than 10% on the day as 24-hour gains hit 16%.\u00a0 A bullish scenario for 1INCH could see its price break to $1 in the short term.\u00a0 The bearish case could materialise if sellers target [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":19302,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/19301"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=19301"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/19301\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/19302"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=19301"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=19301"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=19301"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}