1INCH Network Price Prediction: 1INCH continues to rise, surging another 25% as this new meme coin challenger approaches $5.7 million.

The price of the 1-inch network has risen 25% in the past 24 hours, trading at $0.5147 as of 6:30 a.m. ET, with volume surging 1120%.

As investors and traders’ attention shifts to altcoins with lower market capitalizations, the price of the top rising 1inch network is surging. This is because the BTC market is highly volatile due to low trading volumes. As the SpotBTC Exchange Traded Fund (ETF) approval period (January 5-10) closes, investors are awaiting the results.

$ALCX Although there is resistance #1 inch There’s still room to grow
Many other charts also look likely to rise. #Bitcoin Act
As the ETF approaches, many people expect it to fall and many others expect it to rise (laughter).
Yes, there will be volatility
I mean..we pumped for a few weeks and then🔻 https://t.co/wRXiLJ44lD pic.twitter.com/IWcu9cq4wf

— White (@cryptowhitewalk) January 1, 2024

Meanwhile, the surge in the price of 1 Inch Network may also be related to buying rumors and selling news situations. In 6 days, the network will unlock 32,140 1INCH tokens, worth approximately $13,500. Token allocation is made to teams, investors and venture capitalists (VCs).

The last time this happened was on December 27, when prices plummeted 8%. Nonetheless, the stock price rose 32% ahead of the event, driven by a ‘buy on the rumor’ scenario. If history is anything to go by, the 1INCH Network’s price upside potential may not be over yet.

1INCH Network Price Forecast with 32,140 1INCH Tokens Due to Flood of Cliff Unlock Market

After a 25% surge, the 1INCH token is overbought as its Relative Strength Index (RSI) reading is 73. However, given that this momentum indicator is still in an upward trend, the upside potential may not be over yet as buying pressure is still rising.

Increasing buying pressure could lead to 1-inch network price tagging the July 17, 2023 range high at $0.5935, extending gains to fill the market range. A very bullish case could take gains higher to push the price past the local high of $0.6982, and potentially high enough to hit a new range high.

Further emphasizing the bullish thesis, the bulls continue to maintain a strong presence in the 1INCH market. This shows that AO (Awesome Oscillator) and MACD (Moving Average Converge Divergence) are located in positive areas. The histogram bar for this indicator is also flashing green, supporting an uptrend.

Conversely, if bulls are weak, bears can take over the market and push prices lower. The ensuing selling momentum may cause the price to lose the support provided at the most important Fibonacci level of 61.8%, which is $0.4453.

For the prevailing bullish theory to be invalidated, the 1-inch network price must break and close below the 50% Fibonacci level of $0.3987. In the worst case, the slump could go as low as the 23.6% Fibonacci level of $0.2946.

While 1Inch Network price figures out its next move, consider MK for your portfolio diversification efforts. This pre-sale token continues to make headlines as analysts’ top pick for the upcoming cryptocurrency pre-sale.

A promising alternative to 1INCH

MK, which supports the Meme Kombat project, is an equity revenue project that sells for $0.268 at this stage. Investors who purchase MK will enter a revolutionary new gaming ecosystem where they can battle the meme character of their choice.

Meme Kombat is literally the best. #memecoin Buy on Boxing Day🥊

@Do not. pic.twitter.com/VejiC7yHE8

— Meme Kombat (@Meme_Kombat) December 26, 2023

The $0.268 price tag is only valid for the next three days, after which the price will increase to $0.279. Token holders can stake their MK holdings on the staking dashboard of already active projects.

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Take a break from Kombat and visit our staking dashboard here: https://t.co/nNFEYESjPs pic.twitter.com/yswl0esb4G

— Meme Kombat (@Meme_Kombat) November 9, 2023

Stakers are currently earning up to 167% Annual Percentage Yield (APY) with 77% of the total token supply already staked. Additionally, there are up to 7,054 stakers to date, with a total reward of 4,406,839.

Pre-sale volume has now reached over $5.631 million, and with pre-sales approaching the goal of $6.5 million, now is the opportunity for investors to join the MK community. Don’t miss it for any reason.

Visit the Meme Kombat website to purchase MK in pre-sale here.

Also read:

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