1INCH Signals Strong Rebound As Bulls Eye $0.37 Breakout

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1INCH-3,11%
MOVE-3,67%

The TD Sequential buy signal suggests 1INCH could bounce from its current level

Breaking past $0.30 could trigger a move toward $0.37 if buyers step in

If the support at $0.25 fails, 1INCH may drop lower before any recovery.

1INCH is showing signs of a potential reversal as it trades at $0.2715, marking a +4.66% daily gain. According to technical analyst Ali_Charts, the TD Sequential indicator has flashed a buy signal on the weekly chart, suggesting that 1INCH could be setting up for a rebound to $0.37. The price is currently testing a major support zone near the lower boundary of the channel, a level that previously triggered recoveries. If this bullish indicator plays out, 1INCH could witness an upside move in the coming weeks

TD Sequential Buy Signal Strengthens Bullish Case

A key highlight in Ali’s analysis is the appearance of a TD Sequential “9” buy setup, which historically signals trend reversals when they occur at strong support levels. The chart shows that 1INCH recently touched the $0.25 mark, aligning with previous areas where price rebounds occurred

The presence of S13 and A13 support markers further strengthens the case for a reversal. With this setup, the probability of a relief rally increases, as traders recognize this indicator as a buy-the-dip opportunity.

Moreover, historical price action suggests that whenever 1INCH formed a TD Sequential “9” at similar price levels, it saw a 20%-40% recovery within the following weeks. Given the projected target of $0.37, this would represent a 36% increase from the current price. The key resistance to watch remains near $0.41, where selling pressure previously halted upside attempts.

Key Resistance and Market Structure

Despite the bullish setup, 1INCH still faces hurdles before confirming a full reversal. The $0.30 zone is the first resistance level, where previous breakdowns occurred. If the token clears this level with strong momentum, it could advance toward $0.37-$0.41. However, failure to reclaim these zones may result in another retest of $0.25, which could invalidate the bullish outlook.

As much as traders should follow volume trends, a breakout with weak buying may soon reveal itself as a false rally. Conversely, should the volume back the move, then 1INCH has the potential to establish a higher low structure and embark on a sustainable recovery. On the flip side, if it drops below $0.25 on a sustained basis, token price trajectory may find hardship, going deeper to $0.18-$0.20.

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RideTheWindvip
· 2025-02-16 00:53
Just keep pushing 💪 Just keep pushing 💪 Just keep pushing 💪
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