1inch Price Prediction 2021

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Bullish 1INCH price prediction 2021 ranges from $4.2 to $7.6.
1INCH bearish market price prediction for 2021 is $0.97.

This 1inch (1INCH) Price Prediction 2021 article is based on technical analysis alone. Below, you will see the key metrics that we have taken into consideration upon coming up with our 1INCH price analysis and prediction.

Among the cryptocurrencies that are spiking high this year, 1INCH is perhaps one of the most surprising for some. It is not directly connected to Bitcoin, nor is it the most hyped cryptocurrency today. But for those that are aware, 1INCH has been around since 2020.

Can 1INCH reach $10 in 2021? We will find out shortly. But before we proceed to our 1INCH price prediction, let us first answer the question “What is 1INCH?” in this 1INCH prediction 2021 article.

What is 1INCH?

1inch is a decentralized exchange (DEX) aggregator, joining many DEXes into one platform to enable its users to find the efficient swapping routes over all platforms. In order for a user to identify the best price for a swap, they need to look at all exchanges — DEX aggregators reject the need for manually checking, bringing efficiency to DEXs swapping.

1inch’s native token 1INCH, reached its new ATH of $7.87 on May 08, 2021. Even more, since then the coin has faced many challenges.

Now that we have an idea about 1INCH, do you think 1INCH will be profitable crypto in 2021? Join me and let us see the charts in this 1INCH price prediction.

1INCH Current Market Status

As of the time of writing this 1inch price analysis, 1INCH trades at $3.09 with a 24-hour trading volume of $133,978,986, according to CoinGecko. The price of 1INCH has decreased by 3.13% in the last 24 hours.

Furthermore, 1INCH has a current circulating supply of 172,622,767 1INCH. Currently, the top cryptocurrency exchanges for 1INCH are Binance, Huobi Global, OKEx, CoinTiger, and FTX. Now, let’s proceed to the next part of this 1INCH price prediction for 2021.

1INCH Showing Channel Trend Pattern

Currently, 1INCH holds 107th place on CoinGecko. But will the latest upgrades, development, and changes in the 1INCH blockchain help the cryptocurrency price to reach higher? Let’s proceed to the charts in this 1INCH price prediction article.

*1INCH/USDT chart showing Channel Trend pattern (Source:* *TradingView*)

In the chart above, which is set in a daily time frame, we can see the Channel Trend Pattern. Moreover, the upper trend line marks resistance and the lower trend line indicates support. More so, both the tops and bottoms of channels represent the trend areas of support or resistance. In addition, trend channels with a negative slope are considered bearish signals.

The chart below shows that 1inch has performed great over the past few days. Moreover, if this trend continues, 1INCH might run along with the bulls, overtaking its $7.62 resistance level and climb higher.

Conversely, if the investors turn against the crypto, the bears might take over and dethrone 1INCH from its uptrend position. In simpler terms, the price of 1INCH might plummet to almost $0.97, a bearish signal.

Meanwhile, our long-term 1INCH price prediction 2021 is bullish. It has a high possibility of surpassing its current all-time-high (ATH) at about $7.87 this year. However, that will only take place if it breaks many past psychological resistances.

As shown above, at the beginning of this month, 1INCH turned from its bull to bear trend. This happens at the end of the huge trade volume that happened in that period.

1inch RSI, MA and EMA

Let us also look at the Relative Strength Index (RSI), Simple Moving Average (SMA), and the Exponential Moving Average (EMA) of 1INCH.

The Relative Strength Index (RSI) is above 43.06, which means that 1INCH is in a nearly oversold state. Hence, this may move forward to a price reversal at any given time.

Therefore, traders must trade crypto cautiously and must not be damaged by the market hype. With all this in mind, traders can move away from unexpected losses due to the crypto markets many wild swings.

Since the start of 2021, 1INCH’s price has seen many bullish moves which are higher than the previous one. More so, these are followed by fluctuations, consolidation, and corrections right away. Taking this into consideration, 1INCH has a competitive market this 2021.

Conclusion

1INCH has a bright future ahead of it in 2021. With the ongoing developments happening within the 1INCH ecosystem, as well as in the overall crypto market, we may see 1INCH reach new heights.

Bullish 1INCH price prediction 2021 is $7.62. As said above, it may even reach $10 if investors have decided that 1INCH is a good investment in 2021, along with mainstream cryptocurrencies like Bitcoin and Ethereum.

FAQ

How to Buy 1INCH Token?

Users can obtain 1INCH tokens by purchasing them from cryptocurrency exchanges such as Binance, or Huobi Global.

Will 1INCH Surpass its Current ATH?

1INCH is a good investment in 2021. However, 1INCH has a high possibility of surpassing its current ATH at about $7.87 this year.

Can 1INCH reach $10 soon?

Yes, it’s very much possible that 1INCH might reach $10 in the near future as per the current bullish trend.

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.

Source: https://coinquora.com/1inch-price-prediction-2021/

Time Stamp: June 14, 2021