Hello Traders!
1Inch entered a new business cycle.
A rally above the $7.50 level triggered a deep correction to the strong $3.50 support level.
At the moment the price is consolidating in the range of $3.50 - $4.26
Purchases can be considered from the current price levels of $3.90 - $4.00
It is better to place a stop below the support level of $3.50 around $3.16
The targets will be the following price levels
$5,22
$5,88
$6,65
$7,50
An excellent mid-term deal with one of the flagship dex projects.
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
1Inch entered a new business cycle.
A rally above the $7.50 level triggered a deep correction to the strong $3.50 support level.
At the moment the price is consolidating in the range of $3.50 - $4.26
Purchases can be considered from the current price levels of $3.90 - $4.00
It is better to place a stop below the support level of $3.50 around $3.16
The targets will be the following price levels
$5,22
$5,88
$6,65
$7,50
An excellent mid-term deal with one of the flagship dex projects.
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice