1inch Network (1INCH) Price Prediction 2022 — Will 1INCH Hit $5 Soon?

1inch (1INCH) Price Prediction 2022 - Will 1INCH Hit $5 Soon?
  • Bullish 1INCH price prediction is $0.814 to $2.035.
  • 1inch Network (1INCH) price might also reach $5 soon.
  • Bearish 1INCH price prediction for 2022 is $0.478.

In 1inch Network (1INCH) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and other information about 1INCH to analyze the future movement of the cryptocurrency. 

1inch Network (1INCH) Current Market Status

According to CoinGecko, the price of 1inch Network (1INCH) is $0.543080 with a 24-hour trading volume of $24,770,776 at the time of writing. However, 1INCH has increased by nearly 4.5% in the last 24 hours. 

Moreover, 1inch Network (1INCH) has a circulating supply of 621,753,002 1INCH. Currently, 1inch Network (1INCH) trades in cryptocurrency exchanges such as Binance, OKX, Upbit, LBank, Bitrue and FTX. 

What is 1inch Network (1INCH)?

1inch Network (1INCH) is the governance token of 1inch Network platform. 1inch Network is a decentralized exchange (DEX) aggregator. The token was launched as an ERC-20 token on 25 December 2020 and continues to exist as a multi-chain token.

1inch has 3 primary functions in DeFi: aggregation protocol, liquidity protocol, and limit order protocol. It is live on major blockchains such as Ethereum, Polygon, Binance Smart Chain (BSC), Avalanche, Optimism, and Fantom.

1inch Network (1INCH) Price Prediction 2022

1inch Network (1INCH) holds the 97th position on CoinGecko right now. 1INCH price prediction 2022 is explained below with a daily time frame.

1INCH /USDT Falling wedge Pattern (Source: Tradingview)

The falling wedge is a bullish pattern. Together with the rising wedge formation, these two create a powerful pattern that signals a change in the trend direction. The falling wedge pattern occurs when the asset’s price is moving in an overall bullish trend before the price action corrects lower. Within this pullback, two converging trendlines are drawn. One of the main features of the falling wedge pattern is the volume, which decreases as the channel converges. 

The most commonly falling wedge pattern occurs in a clean uptrend. The price action trades higher, however, the buyers lose the momentum at one point and the bears take temporary control over the price action. 

Currently, 1inch Network (1INCH) is in the range of $0.543080. If the pattern continues, the price of 1INCH might reach the resistance levels of $0.521, $0.572, and $0.654. If the trend reverses, then the price of 1INCH may fall to $0.474. 

1inch Network (1INCH) Support and Resistance Levels

The chart below shows the support and resistance levels of 1inch Network (1INCH).

1INCH /USDT Support and Resistance Levels (Source: Tradingview)

From the above daily time frame, we can clearly interpret the following as the resistance and support levels for 1inch Network (1INCH). 

Resistance Level 1$0.814
Resistance Level 2$1.177
Resistance Level 3$2.035
Support Level$0.478
1INCH /USDT Support and Resistance Levels

The charts show that 1inch Network (1INCH) has performed a bullish trend over the past month. If this trend continues, 1INCH might run along with the bulls overtaking its resistance level at $2.035.

Accordingly, if the investors turn against crypto, the price of 1inch Network (1INCH) might plummet to almost $0.478, a bearish signal.

1inch Network (1INCH) Price Prediction 2022 — RVOL, MA, and RSI

The Relative Volume (RVOL) of 1inch Network (1INCH) is shown in the chart below. It is an indicator of how the current trading volume has changed over a period of time from the previous trading volume. Currently, the RVOL of 1INCH lies below the cutoff line, indicating weak participants in the current trend.

1INCH /USDT RVOL, MA, RSI (Source: Tradingview)

Also, the Moving Average (MA) of 1inch Network (1INCH) is shown in the chart above. Notably, the 1inch Network (1INCH) price lies beliw 50 MA (short-term), so it is in a downtrend. Currently, 1INCH has entered a bearish state. Therefore, there is a possibility of a reversal trend of 1INCH at any time.

Meanwhile, the relative strength index (RSI) of the 1INCH is 38.45. This means that 1inch Network (1INCH) is in  nearly oversold  state. However, this means a major price reversal of 1INCH may occur in the upcoming days. So, traders need to trade carefully. 

1inch Network (1INCH) Price Prediction 2022 — ADX, RVI

Let us now look at the Average Directional Index (ADX) of 1inch Network (1INCH). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.

1INCH /USDT ADX, RVI (Source: Tradingview)

The above chart represents the ADX of 1inch Network (1INCH). Currently, the ADX of 1INCH lies in the range of 25.027 and thus, it indicates a strong trend. 

The above chart also represents the Relative Volatility Index (RVI) of 1inch Network (1INCH). RVI measures the constant deviation of price changes over a period of time. The RVI of 1INCH lies below 50, indicating low volatility. In fact, the RSI of 1inch Network (1INCH) is at 38.45 thus confirming a potential sell signal.

Comparison of 1INCH with BTC, ETH

The below chart shows the price comparison between Bitcoin (BTC), Ethereum (ETH), and  1inch Network (1INCH).

BTC Vs ETH Vs 1INCH  Price Comparison (Source: Tradingview)

From the above chart, it can be interpreted that ETH, BTC, and 1INCH are moving in a similar trend. This indicates that when the price of BTC increases or decreases, the price of ETH and 1INCH also increase or decrease respectively.

1inch Network (1INCH) Price Prediction 2023

If the declining price action completely slows down in momentum and the trend reverses,  1inch Network (1INCH) might probably attain $9 by 2023.

1inch Network (1INCH) Price Prediction 2024

With several upgrades in the network, 1inch Network (1INCH) might enter a bullish trajectory. If the coin grabs the attention of major investors, 1INCH might rally to hit $12 by 2024. 

1inch Network (1INCH) Price Prediction 2025

If 1inch Network (1INCH) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 3 years, 1INCH would rally to hit $18. 

1inch Network (1INCH) Price Prediction 2026

If 1inch Network (1INCH) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 4 years, 1INCH would rally to hit $21. 

1inch Network (1INCH) Price Prediction 2027

If 1inch Network (1INCH) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 5 years, 1INCH would rally to hit $24.

1inch Network (1INCH) Price Prediction 2028

If 1inch Network (1INCH) holds up a strong stance as a better investment option for the next 6 years amid the trends in the highly-volatile crypto market. By driving significant price rallies, 1INCH would hit $27 in 2028.

1inch Network (1INCH) Price Prediction 2029

If investors flock in and continue to place their bets on 1inch Network (1INCH), it would witness major spikes. 1INCH might hit $30 by 2029.

1inch Network (1INCH) Price Prediction 2030

With greater advancements in the 1inch Network ecosystem, the crypto community might continue to invest in 1INCH for the next 8 years and drive significant price rallies for the token. Hence, 1inch Network (1INCH) might hit $33 by 2030.

Conclusion

With continuous improvements in the 1inch Network network, we can say that 2022 is a good year for 1INCH. For this reason, the bullish price prediction of 1inch Network (1INCH) in 2022 is  $2.035. On the other hand, the bearish price prediction of 1inch Network (1INCH) price prediction for 2022 is $0.478.

Furthermore, with the advancements and upgrades to the 1inch Network ecosystem, the performance of 1INCH would help to reach above its current all-time high (ATH) of $8.65 very soon. But, it might also reach $5 if the investors believe that 1INCH is a good investment in 2022.

FAQ

1. What is 1inch Network (1INCH)?

1inch Network (1INCH) is the governance and utility token of the 1inch Network platform, a DEX aggregator. 1INCH was launched on December 25, 2020.

2. Where can you purchase 1inch Network (1INCH)?

1inch Network (1INCH) has been listed on many crypto exchanges which include Binance, OKX, Upbit, LBank, Bitrue and FTX. 

3. Will 1inch Network (1INCH) reach a new ATH soon?

With the ongoing developments and upgrades within the 1inch Network, 1INCH has a high possibility of reaching its ATH soon.

4. What is the current all-time high (ATH) of 1inch Network (1INCH)?

On October 27, 2021, 1inch Network (1INCH) reached its new all-time high (ATH) of $8.65.

5. Is 1inch Network (1INCH) a good investment in 2022?

1inch Network (1INCH) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of 1inch Network in the past few months, 1INCH is considered a good investment in 2022.

6. Can 1inch Network (1INCH) reach $05?

1inch Network (1INCH) is one of the active cryptos that continues to maintain its bullish state. Eventually, if this bullish trend continues then 1inch Network (1INCH) will hit $5 soon.

7. What will be 1inch Network (1INCH) price by 2023?

 1inch Network (1INCH) price is expected to reach $9 by 2023.

8. What will be 1inch Network (1INCH) price by 2024?

 1inch Network (1INCH) price is expected to reach $12 by 2024.

9. What will be 1inch Network (1INCH) price by 2025?

 1inch Network (1INCH) price is expected to reach $18 by 2025.

10. What will be 1inch Network (1INCH) price by 2026?

 1inch Network (1INCH) price is expected to reach $21 by 2026.                                      

Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.

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