1INCHUSDT Set for Bullish Reversal

18 thg 11, 2024

1INCHUSDT Technical analysis update

-INCH's price is approaching the double bottom neckline resistance.
-A breakout from a 300-day descending channel formation has been confirmed on the daily chart.
-The price has crossed the 100 EMA on the daily chart.
-The price is nearing the 200 EMA on the daily chart; once it crosses this level, we can confirm another bullish signal.
-The price is rebounding from the August 2023 support level.

These technical developments highlight a strong potential for a bullish reversal in 1INCH. If the price breaks above the 200 EMA and maintains upward momentum, it could lead to a significant rally. Traders should watch for increased volume and sustained price action to validate further upside potential.