{"id":62092,"date":"2023-07-18T15:47:18","date_gmt":"2023-07-18T15:47:18","guid":{"rendered":"https:\/\/coinjournal.net\/news\/1inch-price-outlook-as-bulls-give-up-xrp-fueled-gains\/"},"modified":"2023-07-18T15:47:18","modified_gmt":"2023-07-18T15:47:18","slug":"1inch-price-outlook-as-bulls-give-up-xrp-fueled-gains","status":"publish","type":"post","link":"https:\/\/coinalsat.com\/en\/1inch-price-outlook-as-bulls-give-up-xrp-fueled-gains\/","title":{"rendered":"1inch price outlook as bulls give up XRP-fueled gains"},"content":{"rendered":"\n<ul>\n<li dir=\"ltr\">\n<div class=\"fr-img-space-wrap\">\n<p class=\"fr-img-space-wrap2\">1inch price is down 16% at the time of writing after paring all 24-hour gains from above $0.59.<\/p>\n<\/div>\n<\/li>\n<li dir=\"ltr\">The 1INCH token saw massive 24-hour trading volume on Korean exchange Upbit.<\/li>\n<li dir=\"ltr\">On the technical side, 1INCH is poised above a key support area around $0.34.<\/li>\n<\/ul>\n<p dir=\"ltr\">The price of 1inch token (1INCH) pumped in early trading hours Monday, reaching highs of $0.59. However, just as quickly as it rose from lows of $0.39, the 1INCH price pared the gains and traded to $0.36.<\/p>\n<p dir=\"ltr\">According to data from CoinGecko, 1inch is down 16% in the past 24 hours as of time of writing, with a look at the weekly time frame showing the token has cut recent gains to just 21%.&nbsp;<\/p>\n<p dir=\"ltr\">This contrasts with the explosive action that characterized the 1INCH market following Ripple&#8217;s partial win in its ongoing regulatory battle with the US Securities and Exchange Commission (SEC).<\/p>\n<h2 dir=\"ltr\">1INCH price outlook- what next?<\/h2>\n<p dir=\"ltr\">Like XRP, which pumped more than 100% in the aftermath of Judge Analisa Torres&#8217; ruling last week, 1inch price was mainly <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/WuBlockchain\/status\/1681308870898229250\">boosted<\/a> by huge volume on the South Korean crypto exchange Upbit. Indeed, in the past 24 hours, the coin&#8217;s trading volume on the Upbit exchange hovered at around 31% of total daily volume.<\/p>\n<p dir=\"ltr\">Yet, trading volume has declined from more than $670 million on Monday to about $120 million at the time of writing &ndash; representing an 83% dip in the past 24 hours. As to why 1INCH price is down today, we see an overall negative flip for major cryptocurrencies led by Bitcoin&#8217;s fall below $30k and Ethereum&#8217;s struggles near $1.9k.<\/p>\n<p dir=\"ltr\">Altcoins, including XRP, BNB and Solana also pared recent gains today. The downward pressure comes as bankrupt crypto lender Celsius Network moved millions of dollars&#8217; worth of altcoins to exchanges for liquidation and conversion into BTC and ETH.[<a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/coinjournal.net\/news\/matic-link-aave-among-59m-worth-of-altcoins-moved-by-celsius\/\">Read more<\/a>]\n<p dir=\"ltr\">1inch token is among those the platform moved to FalconX on Monday in preparation for offloading.<\/p>\n<p dir=\"ltr\">&nbsp;<span class=\"fr-img-caption fr-fic fr-dib\" style=\"width: 600px\"><span class=\"fr-img-wrap\"><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/media.igms.io\/2023\/06\/18\/1689694990537-25d2a6c3-2bec-4a49-a195-f76fb668b2a4.png\" style=\"width: 600px\" class=\"fr-fic fr-dib\" width=\"600\" height=\"307\"><span class=\"fr-inner\">1inch price on the daily chart.Source:&nbsp;<a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/x\/nRPcHxnF\/\">TradingView<\/a><\/span><\/span><\/span>If we look at the technical picture as suggested in the chart above, we have the daily RSI dipping near the equilibrium point to suggest bears could still take a swipe at bulls. 1INCH is also in danger of retreating to the 50-day exponential moving average.<\/p>\n<p dir=\"ltr\">The moving average currently offers a buffer zone near $0.34. On the upside, 1INCH is facing long term resistance as signaled by the 200-day EMA &ndash; currently at $0.45 after the coin&#8217;s dip from above $0.59.<\/p>\n<p>The post <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/coinjournal.net\/news\/1inch-price-outlook-as-bulls-give-up-xrp-fueled-gains\/\">1inch price outlook as bulls give up XRP-fueled gains<\/a> appeared first on <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/coinjournal.net\">CoinJournal<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"\n<p>1inch price is down 16% at the time of writing after paring all 24-hour gains from above $0.59. The 1INCH token saw massive 24-hour trading volume on Korean exchange Upbit. On the technical side, 1INCH is poised above a key support area around $0.34. The price of 1inch token (1INCH) pumped in early trading hours [&#8230;]<\/p>\n<p>The post <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/coinjournal.net\/news\/1inch-price-outlook-as-bulls-give-up-xrp-fueled-gains\/\">1inch price outlook as bulls give up XRP-fueled gains<\/a> appeared first on <a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/coinjournal.net\">CoinJournal<\/a>.<\/p>\n","protected":false},"author":5,"featured_media":62093,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[48,48,43,43,43],"tags":[],"class_list":{"0":"post-62092","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","6":"hentry","7":"category-blockchain","9":"category-crypto-news"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>1inch price outlook as bulls give up XRP-fueled gains - CoinAlSat.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinalsat.com\/en\/1inch-price-outlook-as-bulls-give-up-xrp-fueled-gains\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"1inch price outlook as bulls give up XRP-fueled gains - CoinAlSat.com\" \/>\n<meta property=\"og:description\" content=\"1inch price is down 16% at the time of writing after paring all 24-hour gains from above $0.59. The 1INCH token saw massive 24-hour trading volume on Korean exchange Upbit. On the technical side, 1INCH is poised above a key support area around $0.34. 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The 1INCH token saw massive 24-hour trading volume on Korean exchange Upbit. On the technical side, 1INCH is poised above a key support area around $0.34. The price of 1inch token (1INCH) pumped in early trading hours [&#8230;] The post 1inch price outlook as bulls give up XRP-fueled gains appeared first on CoinJournal.","og_url":"https:\/\/coinalsat.com\/en\/1inch-price-outlook-as-bulls-give-up-xrp-fueled-gains\/","og_site_name":"CoinAlSat.com","article_publisher":"https:\/\/www.facebook.com\/coinalsat1","article_published_time":"2023-07-18T15:47:18+00:00","og_image":[{"url":"https:\/\/media.igms.io\/2023\/06\/18\/1689694990537-25d2a6c3-2bec-4a49-a195-f76fb668b2a4.png","type":"","width":"","height":""}],"author":"Author","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Author","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/coinalsat.com\/en\/1inch-price-outlook-as-bulls-give-up-xrp-fueled-gains\/#article","isPartOf":{"@id":"https:\/\/coinalsat.com\/en\/1inch-price-outlook-as-bulls-give-up-xrp-fueled-gains\/"},"author":{"name":"Author","@id":"https:\/\/coinalsat.com\/#\/schema\/person\/6fa35040f9ef4ae108188eaeb3ef441b"},"headline":"1inch price outlook as bulls give up XRP-fueled gains","datePublished":"2023-07-18T15:47:18+00:00","mainEntityOfPage":{"@id":"https:\/\/coinalsat.com\/en\/1inch-price-outlook-as-bulls-give-up-xrp-fueled-gains\/"},"wordCount":423,"commentCount":0,"publisher":{"@id":"https:\/\/coinalsat.com\/#organization"},"image":{"@id":"https:\/\/coinalsat.com\/en\/1inch-price-outlook-as-bulls-give-up-xrp-fueled-gains\/#primaryimage"},"thumbnailUrl":"https:\/\/coinalsat.com\/wp-content\/uploads\/2023\/07\/1inch-price-outlook-as-bulls-give-up-xrp-fueled-gains.png","articleSection":["Blockchain","Blockchain","Crypto Currency News","Crypto Currency News","Crypto Currency News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/coinalsat.com\/en\/1inch-price-outlook-as-bulls-give-up-xrp-fueled-gains\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/coinalsat.com\/en\/1inch-price-outlook-as-bulls-give-up-xrp-fueled-gains\/","url":"https:\/\/coinalsat.com\/en\/1inch-price-outlook-as-bulls-give-up-xrp-fueled-gains\/","name":"1inch price outlook as bulls give up XRP-fueled gains - 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