1inch Price Prediction – Will 1INCH Price Hit $5 in 2022?

This 1inch (1INCH) Price Prediction 2022 article is based on technical analysis alone. Below, you will see the key metrics that we have taken into consideration upon coming up with our 1INCH price analysis and prediction.

Among the cryptocurrencies that are spiking high this year, 1INCH is perhaps one of the most surprising for some. It is not directly connected to Bitcoin, nor is it the most hyped cryptocurrency today. But for those that are aware, 1INCH has been around since 2020.

Can 1INCH reach $5 in 2022? We will find out shortly. But before we proceed to our 1INCH price prediction, let us first answer the question “What is 1INCH?” in this 1INCH prediction 2022 article.

What is 1inch (1INCH) ?

1inch is a decentralized exchange (DEX) aggregator, joining many DEXes into one platform to enable its users to find the efficient swapping routes over all platforms. In order for a user to identify the best price for a swap, they need to look at all exchanges — DEX aggregators reject the need for manually checking, bringing efficiency to DEXs swapping.

1inch’s native token 1INCH, reached its new ATH of $7.87 on May 08, 2021, according to CoinMarketCap. Even more, since then the coin has faced many challenges.

Now that we have an idea about 1INCH, do you think 1INCH will be a profitable investment in 2022? Join me and let us see the charts in this 1INCH price prediction.

1INCH Current Market Status

As of the time of writing this 1inch price analysis, 1INCH trades at $1.38 with a 24-hour trading volume of $64,437,551, according to CoinMarketCap. The price of 1INCH has increased by 5.44% in the last 24 hours.

Furthermore, 1INCH has a current circulating supply of 413,770,846.86 1INCH. Currently, the top cryptocurrency exchanges for 1INCH are Binance, Gate.io, OKEx, Kucoin,  FTX, Huobi Global, and CoinTiger. Now, let’s proceed to the next part of this 1INCH price analysis for 2022.

1INCH Price Analysis 2022

Currently, 1INCH holds the 124th place on CoinGecko. But will the latest upgrades, developments, and changes in the 1INCH blockchain help the cryptocurrency price to reach higher? Let’s proceed to the charts in this 1INCH price prediction article.

Let us now look at Ripple’s Average Directional Index (ADX). In particular, the ADX assists traders in finding the strength of a trend rather than its direction. It can also be utilized to determine whether the market is changing or if a new trend is beginning.

The value of ADX for 1inch is 18.60, which indicates that the recent trend is weak since it lies between 0 and 25.

Keltner channel is a technical analysis indicator that is used to determine trend directions by measuring the volatility above or below the candlesticks. From the Keltner Channel signals for 1inch, we can see that the present bullish trend might continue further since it is a reversal from a key level.

The chart above shows that the 200-MA is above the 100-MA. This shows that long-term investors of 1inch will have profit in the future. However, it can be observed that since the 100-MA is not close to the last candlestick, the price might remain bullish for the coming days.

1INCH Price Prediction

The chart below shows that 1INCH has performed great over the past few days. Moreover, the 1INCH price was over 7.1% in the last 7 days. If this trend continues, 1INCH might run along with the bulls, overtaking its $2.006 resistance level and reaching higher to $4.402, the 2022 bullish signal.

Conversely, if the investors turn against the crypto, the bears might take over and dethrone 1INCH from its uptrend position. In simpler terms, the price of 1INCH might drop to almost $1.171, a bearish signal.

Meanwhile, our long-term 1INCH price prediction 2022 is bullish. It has a high possibility of surpassing its current all-time-high (ATH) at about $7.87. However, that will only happen if it breaks many previous psychological resistances.

1INCH Price Prediction 2022

Conversely, if the investors turn against the crypto, the bears might take over and dethrone 1INCH from its uptrend position. In simpler terms, the price of 1INCH might drop to almost $1.171, a bearish signal.

Meanwhile, our long-term 1INCH price prediction 2022 is bullish. It has a high possibility of surpassing its current all-time-high (ATH) at about $7.87. However, that will only happen if it breaks many previous psychological resistances.

1INCH Price Prediction 2023

If 1INCH holds the support level around 200-MA which is the long-term moving average, buyers will then have ample time and stability to forge the next attack mission on the vital level at $15, making it not plummet but play consistently.

1INCH Price Prediction 2024

As per the latest upgrades, developments, 1INCH price prediction, and new project forecasts of the platform, 1INCH investors could expect many partnerships and integrations around 2024. Moreover, this might boost the price of 1INCH in the crypto market, and it will be the best investment as the price can spike and reach around $30.

1INCH Price Prediction 2025

In the next four years, 1INCH prices could rise up to $55. However, reaching this level could not be so difficult for 1INCH as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that 1INCH has a high possibility of reaching a new ATH soon in the next five years as per the prediction.

1INCH Price Prediction 2026

In the next five years, 1INCH prices could rise up to $100. However, reaching this level could not be so difficult for 1INCH as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that 1INCH has a high possibility of reaching a new ATH soon in the next five years as per the prediction.

Conclusion

1INCH has a bright future ahead of it in 2022. With the ongoing developments happening within the 1INCH ecosystem, as well as in the overall crypto market, we may see 1INCH reach new heights.

Bullish 1INCH price prediction 2022 is $4.402. As said above, it may even reach $5 if investors have decided that 1INCH is a good investment in 2022, along with mainstream cryptocurrencies like Bitcoin and Ethereum.

FAQ

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.

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