- 1 1 Inch crypto is on the verge of a stunning breakout, as it gathers momentum to shatter the hurdles.
- 2 1 Inch asset is in a bullish trend and the RSI is moving higher and can maintain its upward direction.
The 1inch Liquidity Protocol is an AMM of the future that defends users from front-running attacks and rewards them as liquidity providers.
Besides getting the deepest liquidity from multiple sources on multiple blockchains, the 1inch Network also offers users competitive prices and a high quality of security as the most audited project in DeFi.
In late 2022, the Fusion mode was released, which enables users to exchange tokens on various DEXes without any network fees, at the most favorable rates.
Also, in Fusion mode, skilled traders who complete users’ orders use the most cutting-edge and effective techniques of guarding users’ trades from MEV. So, users can trade with confidence about MEV.
1inch is non-custodial, and all trades occur in one transaction from a user’s wallet on any of the supported blockchains and layer-2 networks.
The technical structure of all 1inch protocols also gives a high quality of security to users. For example, even if liquidity sources are insecure, they can connect to the 1inch Aggregation Protocol without users risking the loss of funds.
The protocol adds security checks in every transaction to prevent any losses. As of July 2022, more than 240 liquidity sources are connected to the 1inch Network.
1inch smart contracts have been verified by leading audit teams in the industry such as OpenZeppelin, Consensys diligence, SlowMist, Haechi Labs, CoinFabrik, Certik, Hacken, Scott Bigelow, MixBytes, and Chainsulting.
Will 1 Inch Crypto Surpass the Hurdle and Advance?
Source: 1 Inch/ USD: COINBASE.1.D. by TradingView
The 1 INCH crypto rose by 1.80% in the last 24 hours, and the asset is currently trading at $0.396 (press time). The crypto pulled off a comeback as the price recovered from a key level of around $0.350 on the charts.
The 1 Inch crypto is on the verge of a stunning breakout, as it gathers momentum to shatter the hurdles and fly even higher from the current base zone.
However, if the demand for the 1 Inch token remains high, the asset price could bounce back from the current level. The next goal for the 1 INCH price is to reach $0.500.
The 1 Inch crypto asset is showing bullish signs and has the potential to grow further. It performed well last week, last month, and last quarter, by 60.82%, 14.20%, and 15.54% respectively, highlighting a strong uptrend.
The 1 Inch asset is in a bullish trend and the RSI is moving higher, suggesting that the asset is not overbought and could maintain the uptrend.
However, if the 1 Inch crypto price fails to stay above the $0.300 level, it could decline further.
Source: 1 Inch/ USD: COINBASE.1.D. by TradingView
Summary
The 1 Inch crypto has shown a sign of comeback as the price recovered from a key level of around $0.350 on the chart. The 1 Inch crypto is on the verge of a stunning breakout, as it gathers momentum to shatter the hurdles and fly higher and higher from the current base zone.
Moreover, the 1 Inch crypto is displaying strong bullishness as it sustains above major trend EMAs. The 1 Inch asset is in a bullish trend and the RSI is moving higher, suggesting that the asset is not overbought and can maintain its uptrend.
Technical Levels
Support Levels: $0.300
Resistance Levels: $0.500
Disclaimer
In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
Steve Anderrson
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
