1Inch Network Price Prediction: 1INCH Keeps On Pumping With Another 25% Surge As This New Meme Coin Challenger Moves Close To $5.7 Million

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1Inch Network price is up 25% in the last 24 hours to trade for $0.5147 as of 6:30 a.m. EST time, with an 1120% surge in trading volume.

Featuring among the top gainers, the 1Inch Network price is surging as investor and trader attention shifts to low market cap altcoins. This is because the BTC market is highly volatile owing to low trading volumes. With the Spot BTC exchange-traded funds (ETFs) approval window closing in,(January 5 to 10), investors are waiting for the outcome

$ALCX is at resistance but #1inch still has room to grow imo
many other charts look prime for a move up provided #bitcoin behaves
with ETF approaching many expect a drop while many other expect a pump (lol)
so yes, volatility will be there
I say..we pump for few weeks & then🔻 https://t.co/wRXiLJ44lD pic.twitter.com/IWcu9cq4wf
— white (@cryptowhitewalk) January 1, 2024

Meanwhile, the surge in the 1Inch Network price can also be associated with the buy the rumor sell the news situation. In six days, the network will be unlocking 32,140 1INCH tokens worth approximately $13,500. Token allocations will be to the team, investors, and venture capitalists (VCs).

The last time this happened was on December 27, causing a price crash of 8%. Nevertheless, ahead of the event, the price rallied 32% around the ‘buy the rumor’ scenario. If history is enough to go by, 1INCH Network’s price upside potential may not be over just yet.

1INCH Token Unlocks Schedule

1INCH Network Price Outlook With 32,140 1INCH Tokens Due To Flood Markets In A Cliff Unlock

After a hard 25% pump, 1INCH token is overbought as the Relative Strength Index (RSI) reading is 73. However, considering this momentum indicator is still northbound, the upside potential may not be over just yet as buying pressure is still rising.

Increased buying pressure could see 1Inch Network price extend the gains to fill the market range by tagging the July 17, 2023 range high at $0.5935. In a highly bullish case, the gains could extend higher for the price to clear the local top at $0.6982, potentially going as high as recording a new range high.

Further accentuating the bullish thesis, the bulls continue to maintain a strong presence in the 1INCH market. This is indicated by the position of the Awesome Oscillator (AO) and the Moving Average Converge Divergence (MACD) in the positive territory. The histogram bars of these indicators are also flashing green, bolstering the case for the bulls.

1INCH price — TradingView: 1INCH 1-day chart

On the flip side, if the bulls show weakness, the bears could take over the market, sending the price lower. The ensuing seller momentum could see the price lose the support offered by the most important Fibonacci level of 61.8% at $0.4453.

For the prevailing bullish thesis to be invalidated, 1Inch Network price must break and close below the 50% Fibonacci level at $0.3987. In the dire case, the slump could extend lower to the 23.6% Fibonacci level at $0.2946.

While 1Inch Network price works out its next move, consider MK for your portfolio diversification endeavors. This presale token continues to make headlines as analysts’ top choices for upcoming crypto presales.

Promising Alternatives To 1INCH

MK, which powers the Meme Kombat project, is a stake-to-earn project selling for $0.268 in the current stage. Investors that buy MK get entry into an innovative new gaming ecosystem, where they can battle with meme characters of their choice.

Meme Kombat is literally the best #memecoin to buy on Boxing Day🥊
Don’t @ me. 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 project’s staking dashboard, which is already live.

📣 Major Update 📣
The Meme Kombat Staking Dashboard is officially live and ready to be used by you!
Take a break from Kombat and visit the staking dashboard here: https://t.co/nNFEYESjPs pic.twitter.com/yswl0esb4G
— Meme Kombat (@Meme_Kombat) November 9, 2023

Stakers are currently getting Annual Percentage Yields (APY) as high as 167%, with 77% of the entire token supply already staked. Also, there are up to 7,054 stakers so far, with total rewards now reaching 4,406,839.

With presale sales now reaching upwards of $5.631 million, now is the chance for investors to join the MK community as the presale sprints to the $6.500 million target. Do not miss out for any reason.

Visit Meme Kombat website to buy MK in the presale here.