1INCH might be on the verge of a rebound, according to TD Sequential signals. Key resistance levels lie ahead.
Price Action and Key Levels
1INCH is currently trading at $0.2715, after fluctuating this week between $0.2515 and $0.2789. A major horizontal resistance is identified at $0.3700, where previous price actions faced setbacks. Conversely, the $0.2200 level provides crucial support, preventing further declines.
TD Sequential Significance
A red '9' signal has emerged on the TD Sequential indicator, typically marking potential reversals or exhaustion points. The last similar signal also led to price retracements. The presence of this signal near support suggests a possible slowdown in bearish momentum, although 1INCH remains range-bound without clear breakout confirmation.
Potential Price Direction
If 1INCH can break above $0.3000, it may reinforce bullish momentum, driving the price towards $0.3700. A rejection here might see prices retesting the $0.2200 support. A long-term bullish breakout could require overcoming resistance near $0.4900.
The TD Sequential signal indicates that 1INCH could be poised for a bullish move, but clear resistance levels need to be surpassed first.
