CandleFocus 1INCH price drops to $0.22 as it struggles to hold a key resistance level in a downtrend.
2025-03-05
Author: Content Editor
The 1INCH/USDT perpetual contract is currently trading at $0.2242, experiencing a 7.51% decline in value and reaching a critical support zone. Analysts suggest that if the breakdown continues, the price could potentially drop to $0.092. The chart shows that 1INCH has been trading within a parallel channel, with recent selling pressure pushing the price towards the lower boundary at $0.22. If buyers do not enter at this level, the token could experience further decline towards the next support zone and continue the bearish trend. The technical outlook for 1INCH is uncertain, with lower highs and lower lows forming since early 2023. The next few trading sessions will determine if the token can hold above $0.22 or if it will drop to lower levels. Traders will be watching for signs of a reversal or continued bearish pressure. Reclaiming the price of $0.26 could indicate renewed strength, while further downside movement may be expected if this level is not reached.
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