$1INCH
1INCH/USDT – Short Technical Analysis (Today)
1INCH is currently trading in a range-bound to mildly bearish structure, with price struggling to hold above key short-term resistance. The market shows weak momentum, as buyers are hesitant and volume remains relatively low.
Resistance: Near recent highs; a breakout above this zone could trigger a short-term bullish move.
Support: Holding near a local demand area; a breakdown may lead to further downside.
Trend: Neutral to bearish in the short term, still below major moving averages.
Momentum: Indicators suggest consolidation, waiting for a clear directional move.
Outlook:
If 1INCH holds support and breaks resistance with volume, a short-term rebound is possible. Failure to hold support may result in continued consolidation or further decline. Traders should wait for confirmation before entering positions.