$0.37 is the last resort for 1inch. 1inch has been ranging between $0.60 and $0.20 for 2 years now, indicating a lack of interest from investors and bulls. So right now, 1inch is either close to making a huge bullish move or close to a new all-time low.
We've seen a lot of these patterns; even though it can have a bullish breakout, the chance of the opposite happening is quite high as well. If 1inch fails to hold this support, $0.32 is the last support before it reaches $0.20. The market will decide. However, we still might see a bullish move from $0.32 with a lower chance.
If you already have 1inch, you can wait. If you want to buy, you should wait.
We've seen a lot of these patterns; even though it can have a bullish breakout, the chance of the opposite happening is quite high as well. If 1inch fails to hold this support, $0.32 is the last support before it reaches $0.20. The market will decide. However, we still might see a bullish move from $0.32 with a lower chance.
If you already have 1inch, you can wait. If you want to buy, you should wait.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.