1inch (1INCH) rate forecast for January 2024

Welcome to the crypto site. My name is Victor, and today: 1inch (1INCH) rate forecast for January 2024. Join the discussion on the topic

1inch (1INCH) rate forecast

Monthly timeframe
I, Victor from the CryptoViktor UA channel, have analysed the monthly timeframe of the 1inch cryptocurrency and see signs of the beginning of growth. Although the trend may turn out to be long-term, the growth potential exceeds 1000% of the current price.

Weekly timeframe
The weekly chart shows that the market has already played out a divergence, which signals a continuation of the upward trend. I expect this trend to continue, but it will periodically alternate with short-term declines.

Daily timeframe

Looking at the daily chart, we can see that we are currently in a downward phase before further growth. The stochastic indicator also indicates a possible slight decline in the short term.

Buyer/seller sentiment
Technical indicators and general market sentiment are optimistic. Most traders expect this cryptocurrency to continue to grow, although there are some short positions.

Summary of the exchange rate forecast for the month
In my opinion, the 1inch cryptocurrency has every chance of growing in the near future. Although there are risks and possible short-term downturns, the overall trend points to a positive movement.

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