$1INCH is currently trading in a clear downtrend, with price action showing consistent weakness. The market is forming lower highs, which indicates that bullish momentum is still limited and buyers are struggling to take control.
Overall market sentiment remains cautious, as buying pressure is relatively low at current levels. The price continues to move near important moving averages, but there is no strong confirmation of a trend reversal yet, keeping traders on the sidelines.
Trading volume remains subdued, reflecting weak demand and a lack of aggressive participation from buyers. The support zone around $0.112–$0.110 plays a crucial role in maintaining price stability. If this area fails to hold, the downside risk may increase.
Below this range, the next major support is located near $0.105, which could act as a potential bounce zone. On the upside, noticeable resistance lies between $0.120–$0.123, where sellers are likely to become active.
A strong and sustainable breakout above resistance would require a clear increase in volume and positive momentum from the broader crypto market. The overall direction of major cryptocurrencies will heavily influence the next move of 1INCH. For now, patience and proper risk management remain essential in this uncertain market phase.
