1INCH Price Prediction: Bearish Momentum, Rebound Possible
Di price prediction for 1INCH still dey bearish after e drop 40.7% from $0.391 to $0.232. Technical indicators like Chaikin Money Flow (-0.26) and MACD dey show say sellers dey strong. Price don test the $0.24 level again, wey come turn old resistance to support—na important sign for 1INCH price outlook. On-chain data dey show bad sentiment and open interest dey fall, but mean coin age dey rise, show say plenty people dey accumulate for network. Bitcoin local bottom for $112K fit provide more support. Traders suppose dey watch the $0.24 support and Bitcoin price for possible rebound. Short-term momentum still dey bearish, but price action and on-chain indicators dey hint say bullish reversal fit happen. 1inch traders gots dey alert to confirm this setup.
Bullish
Market signals still dey bearish overall, but di price movement for di $0.24 support level and di increasing average age of di coin dey show say people dey accumulate and say e fit change direction. History show say when altcoins do deep retracements, dem dey often bounce back quick quick once di key support hold well and Bitcoin balance settle. If BTC confirm say e don reach local bottom and 1INCH still dey above $0.24, traders fit observe bullish momentum for short to medium term. So, even though short-term momentum dey bearish, di setup favor say e go reverse go bullish, making di immediate outlook better for buyers.