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Technicals Suggest 1inch Network’s Price Could Reach A Top Soon

Published 16/07/2023, 09:42
Technicals Suggest 1inch Network’s Price Could Reach A Top Soon

  • 1INCH saw its price increase by more than 12% to trade at $0.3723 at press time.
  • The crypto’s 24-hour success pushed its weekly performance further into the green to +21.99%.
  • At press time, the altcoin was looking to challenge the resistance at $0.3756.

The crypto market tracking website, CoinMarketCap, indicated that 1inch Network (1INCH) saw a more than 12% price increase, despite the fact that the majority of cryptos were trading in the red. In addition, the total crypto market cap decreased by 0.26% over the past 24 hours of trading, which left it standing at $1.21 trillion.

At press time, 1INCH was trading hands at $0.3723. This meant that the altcoin was trading much closer to its daily high of $0.3787 than its 24-hour low of $0.3331. Furthermore, 1INCH’s 24-hour trading volume skyrocketed by more than 300% throughout the past day. As a result, the crypto’s volume stood at approximately $89,3996,453.

1INCH’s success over the past 24 hours boosted its weekly performance even further into the green to +21.99%. In addition, the altcoin’s monthly performance was also up by more than 40%.

3-hour chart for 1INCH/USDT (Source: TradingView)

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The post Technicals Suggest 1inch Network’s Price Could Reach A Top Soon appeared first on Coin Edition.

The post Technicals Suggest 1inch Network’s Price Could Reach A Top Soon appeared first on Coin Edition.

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