{"id":124279,"date":"2023-07-18T23:15:55","date_gmt":"2023-07-18T23:15:55","guid":{"rendered":"https:\/\/dripp.zone\/news\/1inch-price-outlook-as-altcoins-give-up-xrp-fueled-gains-crypto-news\/"},"modified":"2023-07-18T23:15:56","modified_gmt":"2023-07-18T23:15:56","slug":"1inch-price-outlook-as-altcoins-give-up-xrp-fueled-gains-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/1inch-price-outlook-as-altcoins-give-up-xrp-fueled-gains-crypto-news\/","title":{"rendered":"1inch price outlook as altcoins give up XRP-fueled gains\n &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/1680183304390-fa11f071-6917-4548-8b78-356a59d82e1a-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/1680183304390-fa11f071-6917-4548-8b78-356a59d82e1a-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/1680183304390-fa11f071-6917-4548-8b78-356a59d82e1a-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/1680183304390-fa11f071-6917-4548-8b78-356a59d82e1a-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/><\/picture>                    <\/div>\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 a high 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%. <\/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 \u2013 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=\"nofollow 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 \u2013 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=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coinjournal.net\/news\/matic-link-aave-among-59m-worth-of-altcoins-moved-by-celsius\/\">Read more<\/a>]<\/p>\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\"> <span class=\"fr-img-caption fr-fic fr-dib\" style=\"width: 600px\"><span class=\"fr-img-wrap\"><img loading=\"lazy\" decoding=\"async\" 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\">1 inch price on the daily chart. Source: <a rel=\"nofollow 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 \u2013 currently at $0.45 after the coin&#8217;s dip from above $0.59.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this post<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<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 [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":124280,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-124279","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/124279","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=124279"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/124279\/revisions"}],"predecessor-version":[{"id":124281,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/124279\/revisions\/124281"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/124280"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=124279"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=124279"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=124279"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}