Technical Analysis: 1inch Network (1INCH) and Cardano (ADA) Short-Term Price Forecasts!

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Especially today 1inch Network (1INCH) the face of its investors is coming. Clearly, the price of the pump eater has gained 60%. But Cardaon (ADA) investors are not very satisfied with the current price movements. Of course, everyone is at the beginning of the year at $ 0.15 Cardano (NAME) he did not buy it, and the price has not been able to exceed the 3 dollar zone for some time. So what awaits investors of 1inch Network (1INCH) and Cardano (ADA) in the short term?

1inch Network (1INCH)

The price has risen by about 60% today, reaching from $ 3.89 to $ 7.55. Bitcoin (BTC) even at the time of writing, the price, which was up 45% at the time of writing, is retreating towards the regional support of $ 5.25. In order for the current uptrend to continue, the bulls should not lose this territory.

Worse, profit sales increase the likelihood that the price will not be able to maintain the support of 5.25. If this support cannot be maintained and the price does not exceed the vital level of $ 6, it is possible that the current correction will deepen even more. The correction can test the 5,25 and 4,54 dollar zones, respectively, if the bears break the 4,54 dollar, it will trigger a free fall to 3 dollars, where there is the most liquidity. Remaining above $4 in the medium-term scenario 1inch Network (1INCH) the price technically maintains the uptrend, but the six corrections of the 4.54 region will cause it to take even longer. Short-term investors will turn to short position attempts by following critical support zones, but double-digit price movements involve high risk in both directions.

Cardano (ISLAND)

Almost all altcoins Bitcoin (BTC) under his leadership, he began correction movements. Cardano (NAME), which is also among them. dec. One of today’s big losers, Cardaon (ADA), is showing double-digit losses at the time of writing. Bitcoin (BTC) the loss in parity is about 6%, the bulls don’t have much chance of losing $2 for a long time.

In order to be able to talk about an increase in the short term, the 2.09 dollar zone should be maintained, and in the worst case scenario, the 1.89 support should not be permanently lost. The price, which has been loosening up to $1.83 for a short time, is at $1.94 above the support zone at the time of writing. Its price will lose support and sag below 1.90 (more Bitcoin (BTCa situation that may develop due to)) may bring a decrease of up to $ 1.5.

It may be in their best interest for investors to stop here or at an acceptable rate by closely following the 1.94 and 1.83 dollar supports.

Disclaimer Of Liability: The information contained in this article absolutely does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and they should conduct their transactions in accordance with their own research.
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