1INCH There is a growth perspective but the volumes are alarming

29 янв. 2021 г.

To your attention another token of the decentralized ecosystem - 1INCH.
We will not describe the goodies that the token carries with it, who are interested, all infa is freely available.

We will describe the support and resistance levels and how they should be interpreted.

Now the price of 1INCHUSDT has renewed its high, which was set a month ago after the listing.
From a technical point of view, the token price is now skillfully testing the upper level for strength and trying to turn the previous resistance level into a support level.
If buyers manage to keep the 1INCHUSD price above the zone of $2.50-2.65, then an increase at least to $4 can be expected.

The growth does not look very natural, there are no volumes, the price is directed to where it is necessary for "interested parties".
We wrote more about such manipulations yesterday in the ALPHAUSDT idea.
And even earlier, they wrote about the manipulator's work in the XTZUSDT idea. Read if you are interested in understanding the psychology of market behavior in a crypt.

If buyers do not take the initiative in pushing the price up, then the value of this young token may fall to $1.50, and this will be considered a good price anyway.
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