1inch Network Token (1INCH) Price Prediction 2023, 2024, 2025–2030 | CoinCodex (2024)

According to our current 1inch Network Token price prediction, the price of 1inch Network Token is predicted to drop by -7.24% and reach $ 0.332495 by December 24, 2023. According to our technical indicators, the current sentiment is Bearish while the Fear & Greed Index is showing 73 (Greed). 1inch Network Token recorded 14/30 (47%) green days with 4.87% price volatility over the last 30 days. Based on our 1inch Network Token forecast, it's now a bad time to buy 1inch Network Token.

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Based on the historical price movements of 1inch Network Token and the BTC halving cycles, the yearly low 1inch Network Token price prediction for 2024 is estimated at $ 0.311977. Meanwhile, the price of 1inch Network Token is predicted to reach as high as $ 0.822442 next year. Using the same basis, here is the 1inch Network Token price prediction for each year up until 2030.

1inch Network Token price prediction 2025

The 1inch Network Token price prediction for 2025 is currently between $ 0.696319 on the lower end and $ 2.80 on the high end. Compared to today’s price, 1inch Network Token could gain 678.30% by 2025 if 1INCH reaches the upper price target.

1inch Network Token price prediction 2030

The 1inch Network Token price prediction for 2030 is currently between $ 2.00 on the lower end and $ 2.54 on the high end. Compared to today’s price, 1inch Network Token could gain 604.92% by 2030 if it reaches the upper price target.

1inch Network Token's 50-Day, 200-Day Simple Moving Averages and 14-Day Relative Strenght Index - RSI (14)

Based on our technical indicators, 1inch Network Token's 200-day SMA will rise in the next month and will hit $ 0.312572 by Jan 18, 2024. 1inch Network Token's short-term 50-Day SMA is estimated to hit $ 0.358403 by Jan 18, 2024.

The Relative Strength Index (RSI) momentum oscillator is a popular indicator that signals whether a cryptocurrency is oversold (below 30) or overbought (above 70). Currently, the RSI value is at 46.91, which indicates that the 1INCH market is in a neutral position.

Popular 1INCH Moving Averages and Oscillators for Tue, Dec 19, 2023

Moving averages are a popular indicator in all financial markets. The purpose of a moving average (MA) is to smooth price action over a certain amount of time. Moving averages are a lagging indicator which means they are based on previous price action. In the table below you can find two types of moving averages, simple moving average (SMA) and exponential moving average (EMA).

1inch Network Token Oscillators

An oscillator is a technical analysis tool that constructs high and low bands between two extreme values, and then builds a trend indicator that fluctuates within these bounds. Traders use the trend indicator to discover short-term overbought or oversold conditions.

1inch Network Token Key Price Levels

Based on today's classical pivot point (P1) with the value of $ 0.356116, 1inch Network Token has support levels of $ 0.343877, $ 0.327117, and the strongest at $ 0.314877. Similarly, 1inch Network Token resistance levels are at $ 0.372876, $ 0.385116, and $ 0.401875.

1inch Network Token Correlation

Over the past 7 days, 1inch Network Token price was most positively correlated with the price of and most negatively correlated with the price of .

1inch Network Token price is correlated with the top 10 coins by market cap with a price of , excluding Tether (USDT) and correlated with the top 100 coins by market cap excluding all stablecoins with a price of .

Currencies that are positively correlated with 1inch Network Token indicate that the movement of one has a statistically significant weight to lead the other in the same direction. For currencies that are negatively correlated with 1inch Network Token, a move in one direction for 1inch Network Token would translate into a move in the opposite direction for the negatively correlated coin.

To get a better idea of what could happen to the 1inch Network Token price in the future, it’s helpful to also explore 1inch Network Token’s price history. In the last month, the 1INCH/USD pair is down .

1inch Network Token Price Analysis

How to read and predict 1inch Network Token price movements?

1inch Network Token traders use a variety of tools to try and determine the direction in which the 1INCH market is likely to head next. These tools can roughly be divided into indicators and chart patterns. When trying to predict the 1inch Network Token price, traders also try to identify important support and resistance levels, which can give an indication of when a downtrend is likely to slow down and when an uptrend is likely to stall.

1inch Network Token Price Prediction Indicators

Moving averages are among the most popular 1inch Network Token price prediction tools. As the name suggests, a moving average provides the average closing price for 1INCH over a selected time frame, which is divided into a number of periods of the same length. For example, a 12-day simple moving average for 1INCH is a sum of 1INCH’s closing prices over the last 12 days which is then divided by 12.

In addition to the simple moving average (SMA), traders also use another type of moving average called the exponential moving average (EMA). The EMA gives more weight to more recent prices, and therefore reacts more quickly to recent price action.

50-day, 100-day and 200-day moving averages are among the most commonly used indicators in the crypto market to identify important resistance and support levels. If the 1INCH price moves above any of these averages, it is generally seen as a bullish sign for 1inch Network Token. Conversely, a drop below an important moving average is usually a sign of weakness in the 1INCH market.

Traders also like to use the RSI and Fibonacci retracement level indicators to try and ascertain the future direction of the 1INCH price.

How to read 1inch Network Token charts and predict price movements?

Most traders use candlestick charts, as they provide more information than a simple line chart. Traders can view candlesticks that represent the price action of 1inch Network Token with different granularity – for example, you could choose a 5-minute candlestick chart for extremely short-term price action or choose a weekly candlestick chart to identify long-terms trends. 1-hour, 4-hour and 1-day candlestick charts are among the most popular.

Let’s use a 1-hour candlestick chart as an example of how this type of price chart gives us information about opening and closing prices. The chart is divided into “candles” that give us information about 1inch Network Token’s price action in 1-hour chunks. Each candlestick will display 1INCH’s opening price, closing price, as well as the highest and lowest prices that 1inch Network Token reached within the 1-hour period.

It’s also important to pay attention to the color of the candle – a green candle means that the closing price was higher than the opening price, while a red candle tells us the opposite. Some charts will use hollow and filled candlestick bodies instead of colors to represent the same thing.

What affects the price of 1inch Network Token?

Just like with any other asset, the price action of 1inch Network Token is driven by supply and demand. These dynamics can be influenced by fundamental events such as block reward halvings, hard forks or new protocol updates. Regulations, adoption by companies and governments, cryptocurrency exchange hacks, and other real-world events can also affect the price of 1INCH. The market capitalization of 1inch Network Token can change significantly in a short period of time.

When trying to make a 1inch Network Token forecast, many traders also try to monitor the activity of 1INCH “whales”, which are entities and individuals that control large amounts of 1INCH. Since the 1inch Network Token market is relatively small compared to traditional markets, “whales” can single-handedly have a big influence on 1inch Network Token’s price movements.

Bullish and bearish price prediction patterns

Some traders try to identify candlestick patterns when making cryptocurrency price predictions to try and get an edge over the competition. Some candlestick formations are seen as likely to forecast bullish price action, while others are seen as bearish.