1inch is a DEX aggregator that displays the best crypto price across various decentralized exchanges. 1INCH is their customized token and the only way to earn this token is by providing liquidity to the 1inch ecosystem. 1inch is bringing the fastest, most <a href="https://www.cryptoknowmics.com/news/1inch-decentralized-exchange-aggregator-stretches-to-binance-smart-chain-quoting-eth-gas-fees/">secure DEX</a> to multiple high-performance blockchains. 1INCH is currently available on Ethereum and Binance Smart Chain, with Polkadot and others to follow.
<h2><b>Past Trends</b></h2>
On March 10, 2021, the opening price of 1INCH was $4.44. As of March 16, 2021, the closing price was $4.56. Thus, the price has surged by approximately 3%, in the past week. In the last 24 hours, 1INCH has traded between $4.25 and $4.61.

<img class="alignnone wp-image-190772" src="https://www.cryptoknowmics.com/news/wp-content/uploads/2021/03/1INCH17th-300x219.png" alt="1INCH Price Analysis" width="649" height="474" />

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<a href="https://www.tradingview.com/x/HXXIYssx/">https://www.tradingview.com/x/HXXIYssx/</a>
<h2><b>Day-Ahead and Tomorrow</b></h2>
Currently, 1INCH is trading at $4.46. The price has dropped slightly from the opening price of $4.56. Thus, the market is downtick.

The <strong>A/D indicator</strong> has sharply risen in the past six hours. Thus, whale accumulations are higher than whale distributions. High buying pressures will lead to a price rise. Thus, the 1INCH price is likely to go up.

The <strong>MACD and signal lines</strong> are positive. Thus, the overall market momentum is bullish. Plus a bullish crossover of the MACD line over the signal line further gives credence to a price uptrend. Thus, the price is likely to rise further.

Currently, the <strong>RSI indicator</strong> is at 75%. It is in the ‘overbought’ region indicating that buying pressures are high. It may be a good time for day traders to go short. High demand for the crypto will lead to a further increase in its price.
<h2><b>1INCH Price Analysis</b></h2>
Presently, the price is below the <strong>Fibonacci pivot point</strong> of $4.47. But, since all the indicators have pointed towards a bullish market trend, we can expect the price to surpass the first resistance level of $4.61, in some time. The current price pullback seems more like a market price correction process and not a price downtrend.

The price is currently testing the <strong>50% FIB retracement level</strong> of $4.43. However, with positive signs coming from all the oscillators, by day close, we can expect the price to break out of the 23.6% FIB retracement level of $4.52. In that case, the price uptrend is likely to continue tomorrow as well.

Expect 1INCH Price to Break Out of Level of $4.52 - Technical Analysis

Expect 1INCH price to break out of the 23.6% FIB retracement level of $4.52. In that case, the price uptrend is likely to continue tomorrow as well.

Ankita is reading geek by birth, she loves to read and write about finance and now cryptocurrencies and blockchain since 2017. A Bitcoin enthusiast ever since, she likes to understand businesses and how they affect everything else. Ankita contributes on our news bulletin with the latest happening in blockchain, crypto and ICO market specifically.

Expect 1INCH Price to Break Out of Level of $4.52 - Technical Analysis

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