TradeDog-Research

1inch-USDT(Consolidation Breakout)

Long
BINANCE:1INCHUSDT   1INCH / TetherUS
1Inch is a DEX aggregator built on Ethereum blockchain that provides traders to place large orders through its swapping techniques across different DEX. At the time of writing, $347.6 Mn is locked in its protocol.

On the Daily Time Frame, 1INCH is trading in a narrow range ($5.15- $5.8) for the past 7 days.

Key Levels to Watch Out For-

The major resistance to the higher side is present at $6.35. Closing above the level may witness huge momentum to new highs.

After the Breakout, 1INCH may give targets of $8.2.

The support to the lower side is present at $5.

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