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1INCH Exchange and Wanchain (WAN) Technical Analysis: Bulls Determined

source-logo  cryptoknowmics.com 06 October 2021 11:30, UTC
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1INCH Exchange and Wanchain prices are relatively steady, bullish. WAN is solid above $0.85, while 1INCH could rise to $3.5 in the short term.

1INCH Exchange (1INCH)

The DEX aggregator exists in various chains using 1INCH for governance.

Past Performance of 1INCH

The 1INCH crypto prices are relatively stable on the last trading day, contracting in the Asian session.

These are signs of weakness despite the strides made in the last few sessions.

At the time of writing, 1INCH coin buyers have their sights on $3.5—the resistance level.

Day-Ahead and What to Expect

Technically, token prices are in range within a broader $1 zone.

From the daily chart, the prices found support from around the 78.6 percent Fibonacci retracement level.

Afterward, the series of higher highs lifted the token above critical resistance levels to spot levels.

In the days ahead, the odds of 1INCH retesting $3.5 are high though this depends on a push back in later sessions today.

1INCH Technical Analysis

Traders are confident of what lies ahead, reading from price action in the daily chart even with earlier losses.

As we advance, every low might offer entries for determined buyers targeting $3.5.

On the flip side, reaction at the middle BB and $2.5 might trigger a sell-off, mirroring the 1Inch price performance of September 2021.

Wanchain (WAN)

The platform competes with Ethereum but distinguishes itself with higher throughput and interoperability. Central to its operations is WAN.

Past Performance of WAN

As of writing, the Wanchain crypto is up four percent on the last trading day.

While the uptrend has been slowing down as per price action in the daily chart, WAN token bulls have the upper hand.

The immediate target lies at $1.5, while the middle BB is the recognizable dynamic support line.

Day-Ahead and What to Expect

Wanchain coin bulls have the upper hand.

Accordingly, buyers might double down, ramping down on every pullback in smaller time frames.

However, on the lower end, if there are unexpected losses, how WAN coin prices react at $0.85—the middle BB—would determine the short to medium-term trend.

Wanchain Technical Analysis

Wanchain buyers are glowing, expecting more in the medium term.

Notably, the reversal from around the 61.8 percent Fibonacci retracement level could be the foundation for a spring higher.

For ambitious traders, the immediate target lies at $1.5.

Conversely, losses below $0.85 might see WAN token prices crash to $0.70 in the bear trend continuation of September 2021.

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