1inch Price Prediction: 2024, 2025, 2030

1INCH price prediction: Key highlights

1. Primary support and resistance levels

• The lowest support for 1INCH was identified at $0.2 on the weekly chart.
• On the upside, $1 can likely be the highest resistance.

2. Market sentiment

• In June 2024, the market is slightly bearish

3. Predictive forecasts

• Future forecasts from AI/ML predictive algorithms estimate that 1INCH's average price will reach $18 by 2028 and increase to $160 by 2031.

Given below is a thorough weekly technical analysis of 1INCH, followed by the coming days of the month, upcoming months, and yearly forecast tables derived from our AI/ML-based predictive models:

1INCH technical analysis: Bulls charge back to regain dominance

The 1inch network has established itself as a well-known decentralized exchange (DEX) aggregator. However, to understand its future sustainability, it's essential to examine the 1inch price prediction for 2024.

Like most of the altcoins, June was a somber month for the token, as evidenced by its position on the lowest support of $0.2. A mid-month rally propelled the price to surge past $0.3 to touch $0.5 in mid-July. 

Notwithstanding, this pump was succeeded by a steep drop that returned the token to its lowest support by mid-August. After a period of stabilization that lasted until mid-October, 1INCH rallied with the broader market. 

This rally flipped $0.3 decisively by mid-November. Despite repeated attacks, bulls defended this base to elevate the token to test the next barrier at $0.5 in the new year. Like the previous one, this attempt was also rejected. Yet, the declines weren’t as pronounced. 

Between the end of January and early March, the market flashed green signals as the price rally continued, flying past previous barriers to challenge the peak resistance over the past year at $0.6.
 

Nevertheless, the bullish resurgence faltered by mid-March, with the token falling closer to $0.5. This wasn’t the end of buyers’ struggles, as the beginning of April erased all Q1 2024 gains, reinstating $0.5 as a resistance.
 

Simultaneously, the token’s plunge to $0.3 rendered the trend bearish. Even after losses, bulls remained resilient, rallying once more in mid-May. Consecutive bullish candles brought 1INCH to be valued at $0.4 at press time, eyeing the current resistance.

If the bulls manage to replicate the early 2024 rally, the token can soon flip $0.5 to test the highest chart resistance. Moving forward, $0.8 appears as the next prioritized target, with prospects of going as high as $1. This critical mark can likely lead to a pushback, given its importance as a psychological level.

However, a selling spree can repeat past patterns, dragging the price down to $0.3. A lasting downtrend can compromise this level, making $0.2 the next price stop.
 

Predictions derived from our models indicate a robustly optimistic trajectory for 1INCH's valuation in the coming years. According to these forecasts, the average price of the token is expected to experience a massive increase, reaching $18 by 2028. Following this, the model predicts that the momentum will continue, propelling 1INCH's average price to reach $160 by 2031.

1INCH's 2024 roadmap: Key indicators to watch and trade

• The Awesome Oscillator (AO) started below the zero line. Its negative values began diminishing in mid-September, culminating in the indicator turning positive in late November.
• However, it lost momentum in late January and again in April, pushing it back below zero in mid-May, where it stood at -0.0048 at press time. This represented a recovery from previous low values, pointing to waning bearish strength. 
• Both the 20-week and 50-week Exponential Moving Averages (EMAs) stood as resistances for the price, with the latter being dominant. In late October, the price flipped the 20 EMA. Notably, it wasn't until mid-February that the 50 EMA was also turned into support. Following this, a golden cross formed in late March.
• Nonetheless, the price's massive drop in April reinstated both these EMAs as resistances, with the 50 EMA taking a dominant position by the end of the month. At press time, the price had appreciated again to move above both EMAs. This reflected a resurgence of bullish momentum.
• The trading volume remained subdued, with intermittent spikes observed during major price movements. The lack of sustained high values highlighted investors' lack of conviction.