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1Inch Network forecast – course takes off!

 


In our last 1Inch Network forecast we wrote that the price could rise by around 50% soon. The course then fell a little, but the course was able to rise by around 11% today, as of 1:00 p.m. on March 16, 2022. But how could the 1Inch Network course continue in the near future? Will the price continue to rise, or is the rise already over? We at CryptoTicker will inform you about the 1Inch Network course!


The 1Inch Network price has been performing a green doji for the past week, indicating a trend reversal. This week got off to a good start, with the price performing an increase of around 20%. Having arrived at the lower trendline of the descending wedge, we expect the price to continue the current climb. If we look at the indicators, we can see that they are also bullish. The MACD could cross bullish in a few weeks. The RSI also has an upward trend, which strengthens the assumption of rising prices.

The 1Inch Network price could increase by another 30% in the next few weeks. That's where the next resistance is. However, judging by the indicators, it is not excluded that the price will break the resistance and rise a little further to the upper trend of the wedge. Thus, if the resistance breaks, the price could rise another +/- 60%. After hitting the upper trendline, or once resistance is hit, the price could drop again and eventually make a new low. We would expect a fresh correction to the lower trendline next.

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