The daily price action of the 1INCH/USDT trading pair, revealing a downward trend within a descending channel. Recently, the price has moved above the channel's lower boundary and is testing a critical resistance zone, suggesting a potential reversal.
A strong demand zone has previously halted declines, and bullish momentum here may indicate a trend shift.
Targets at $0.2550, $0.3089, and $0.3542, with a final target around $0.5167, implying a potential 125% increase if bullish momentum persists.
Overall, the breakout from the descending channel and firm support levels indicate a bullish outlook, though monitoring volume and market sentiment is essential to confirm the uptrend's strength.
A strong demand zone has previously halted declines, and bullish momentum here may indicate a trend shift.
Targets at $0.2550, $0.3089, and $0.3542, with a final target around $0.5167, implying a potential 125% increase if bullish momentum persists.
Overall, the breakout from the descending channel and firm support levels indicate a bullish outlook, though monitoring volume and market sentiment is essential to confirm the uptrend's strength.
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Crossed below demand zone, Trade not activated
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