- The TD Sequential buy signal suggests 1INCH could bounce from its current level.
- Breaking past $0.30 could trigger a move toward $0.37 if buyers step in.
- If the support at $0.25 fails, 1INCH may drop lower before any recovery.
1INCH is showing signs of a potential reversal as it trades at $0.2715, marking a +4.66% daily gain. According to technical analyst Ali_Charts, the TD Sequential indicator has flashed a buy signal on the weekly chart, suggesting that 1INCH could be setting up for a rebound to $0.37. The price is currently testing a major support zone near the lower boundary of the channel, a level that previously triggered recoveries. If this bullish indicator plays out, 1INCH could witness an upside move in the coming weeks.
TD Sequential Buy Signal Strengthens Bullish Case
A key highlight in Ali’s analysis is the appearance of a TD Sequential “9” buy setup, which historically signals trend reversals when they occur at strong support levels. The chart shows that 1INCH recently touched the $0.25 mark, aligning with previous areas where price rebounds occurred.
The presence of S13 and A13 support markers further strengthens the case for a reversal. With this setup, the probability of a relief rally increases, as traders recognize this indicator as a buy-the-dip opportunity.
Moreover, historical price action suggests that whenever 1INCH formed a TD Sequential “9” at similar price levels, it saw a 20%-40% recovery within the following weeks. Given the projected target of $0.37, this would represent a 36% increase from the current price. The key resistance to watch remains near $0.41, where selling pressure previously halted upside attempts.
Key Resistance and Market Structure
Despite the bullish setup, 1INCH still faces hurdles before confirming a full reversal. The $0.30 zone is the first resistance level, where previous breakdowns occurred. If the token clears this level with strong momentum, it could advance toward $0.37-$0.41. However, failure to reclaim these zones may result in another retest of $0.25, which could invalidate the bullish outlook.
As much as traders should follow volume trends, a breakout with weak buying may soon reveal itself as a false rally. Conversely, should the volume back the move, then 1INCH has the potential to establish a higher low structure and embark on a sustainable recovery. On the flip side, if it drops below $0.25 on a sustained basis, token price trajectory may find hardship, going deeper to $0.18-$0.20.
Earn more PRC tokens by sharing this post. Copy and paste the URL below and share to friends, when they click and visit Parrot Coin website you earn: https://parrotcoin.net0
PRC Comment Policy
Your comments MUST BE constructive with vivid and clear suggestion relating to the post.
Your comments MUST NOT be less than 5 words.
Do NOT in any way copy/duplicate or transmit another members comment and paste to earn. Members who indulge themselves copying and duplicating comments, their earnings would be wiped out totally as a warning and Account deactivated if the user continue the act.
Parrot Coin does not pay for exclamatory comments Such as hahaha, nice one, wow, congrats, lmao, lol, etc are strictly forbidden and disallowed. Kindly adhere to this rule.
Constructive REPLY to comments is allowed