- Bullish 1INCH price prediction ranges from $4 to $6.74.
- 1INCH price might also reach $10 soon.
- 1INCH bearish market price prediction for 2021 is $2.61.
This 1inch (1INCH) Price Prediction 2021 article is based on technical analysis alone. Below, you will see the key metrics that we have taken into consideration upon coming up with our 1INCH price analysis and prediction.
Among the cryptocurrencies that are spiking high this year, 1INCH is perhaps one of the most surprising for some. It is not directly connected to Bitcoin, nor is it the most hyped cryptocurrency today. But for those that are aware, 1INCH has been around since 2020.
Can 1INCH reach $10 in 2021? We will find out shortly. But before we proceed to our 1INCH price prediction, let us first answer the question “What is 1INCH?” in this 1INCH prediction 2021 article.
What is 1inch (1INCH) ?
1inch is a decentralized exchange (DEX) aggregator, joining many DEXes into one platform to enable its users to find the efficient swapping routes over all platforms. In order for a user to identify the best price for a swap, they need to look at all exchanges — DEX aggregators reject the need for manually checking, bringing efficiency to DEXs swapping.
1inch’s native token 1INCH, reached its new ATH of $7.87 on May 08, 2021. Even more, since then the coin has faced many challenges.
1INCH Current Market Status
As of the time of writing this 1inch price analysis, 1INCH trades at $2.91 with a 24-hour trading volume of $300,581,304, according to CoinMarketCap. The price of 1INCH has decreased by 4.20% in the last 24 hours.
Furthermore, 1INCH has a current circulating supply of 180,362,122.33 1INCH. Currently, the top cryptocurrency exchanges for 1INCH are Binance, OKEx, FTX, Huobi Global, and CoinTiger. Now, let’s proceed to the next part of this 1INCH price analysis for 2021.
1INCH Price Analysis 2021
Currently, 1INCH holds the 125th place on CoinGecko. But will the latest upgrades, developments, and changes in the 1INCH blockchain help the cryptocurrency price to reach higher? Let’s proceed to the charts in this 1INCH price prediction article.
Based on the chart above, 1INCH positions itself along with the raging bulls. Today, 1INCH trades at a high price of $2.91. In addition, we can see that 1INCH recently performed an Ascending Channel pattern. An ascending channel is the price action that occurs in an upward direction through a rising parallel line.
More so, the chart shows the Higher Highs and Higher Lows from this price pattern. In addition, this pattern represents a short-term bullish.
In other words, 1INCH is gearing itself for a possible bullish rally in the days to come. If this happens, the crypto might go beyond its resistance level and reach the bullish price. Of course, this is most likely to happen if the bullish market continues to reside with 1INCH.
Conversely, if the bulls turn against the crypto, the price of 1INCH might fall. In short, 1INCH might break out from its uptrend position and nosedive to a bearish price. Indeed, this price level is not a good picture in the eyes of the investors.
The Relative Strength Index (RSI) is close to 44.29, which means that 1INCH is in a nearly oversold state. Hence, this may lead to a price reversal at any given time.
Therefore, traders must trade crypto carefully and must not be affected by the market hype. Keeping all this in mind, traders can be aware and move away from unexpected losses due to the crypto market’s wild swings.
Let us also look at the Simple Moving Average (SMA) and the Exponential Moving Average (EMA) of 1INCH.
Since the start of 2021, 1INCH ’s price has seen many bullish moves which are higher than the previous one. More so, these are followed by fluctuations, consolidation, and corrections right away. Taking this into consideration, 1INCH has a competitive market this 2021.
1INCH Price Prediction 2021
The chart below shows that 1INCH has performed great over the past few days. Moreover, the 1INCH price over 15% in the last 7 days. If this trend continues, 1INCH might run along with the bulls, overtaking its $6.74 resistance level and reach higher.
Conversely, if the investors turn against the crypto, the bears might take over and dethrone 1INCH from its uptrend position. In simpler terms, the price of 1INCH might drop to almost $2.611, a bearish signal.
Meanwhile, our long-term 1INCH price prediction 2021 is bullish. It has a high possibility of surpassing its current all-time-high (ATH) at about $7.87. However, that will only happen if it breaks many previous psychological resistances.
1INCH Price Prediction 2022
If this bullish trend continues, 1INCH will reach $15 by the end of 2022. Moreover, the first half of 2022 is going to show rapid growth, up to $20. Then the rise will slow down, but no major falls are expected. With upcoming, partnership, and developments reaching $15 is quite optimistic in the price point of view but undoubtedly feasible for the near future.
1INCH Price Prediction 2023
If 1INCH holds the support level around 200-MA which is the long-term moving average, buyers will then have ample time and stability to forge the next attack mission on the vital level at $35, making it not plummet but play consistently.
1INCH Price Prediction 2024
As per the latest upgrades, developments, 1INCH price prediction, and new project forecasts of the platform, 1INCH investors could expect many partnerships and integrations around 2024. Moreover, this might boost the price of 1INCH in the crypto market, and it will be the best investment as the price can spike and reach around $50.
1INCH Price Prediction 2025
In the next four years, 1INCH prices could rise up to $75. However, reaching this level could not be so difficult for 1INCH as an additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that 1INCH has a high possibility of reaching a new ATH soon in the next five years as per the prediction.
1INCH has a bright future ahead of it in 2021. With the ongoing developments happening within the 1INCH ecosystem, as well as in the overall crypto market, we may see 1INCH reach new heights.
Bullish 1INCH price prediction 2021 is $7.87. As said above, it may even reach $10 if investors have decided that 1INCH is a good investment in 2021, along with mainstream cryptocurrencies like Bitcoin and Ethereum.
1inch is a decentralized exchange (DEX) aggregator, joining many DEXes into one platform to enable its users to find the efficient swapping routes over all platforms.
Users can obtain 1INCH tokens by purchasing them from cryptocurrency exchanges such as Binance, or Huobi Global.
1INCH is a good investment in 2021. However, 1INCH has a high possibility of surpassing its current ATH at about $7.87 this year.
Yes, it’s very much possible that 1INCH might reach $10 in the near future as per the current bullish trend.
1inch (1INCH) price is expected to reach $20 by 2022.
1inch (1INCH) price is expected to reach $35 by 2023.
1inch (1INCH) price is expected to reach $50 by 2024.
1inch (1INCH) price is expected to reach $75 by 2025.
Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.
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