Looks like 1INCH is trapped in a descending triangle pattern that's been playing out for a while now.
The $0.16–$0.18 zone? Still acting as solid demand support. But here's the thing — price action remains sluggish, trading below the Ichimoku cloud which signals ongoing weakness.
What to watch: • Break above $0.22–$0.24 resistance could flip the script • A clean 3-day candle close over that range would be the confirmation bulls are waiting for
Until then, it's a waiting game. The pattern is clear, now we need the momentum.
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DefiSecurityGuard
· 32m ago
ngl this descending triangle screaming rugpull setup written all over it. that $0.16-0.18 "support" is basically a honeypot waiting to trap retail... DYOR but the ichimoku cloud positioning already tells me everything i need. not financial advice obv, but why would u even touch this until it breaks above $0.22-$0.24 w confirmed volume? seen this pattern 47 times this cycle alone lmao
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ser_ngmi
· 12-06 14:52
It's that descending triangle again. When will it finally break out? Waiting for it is making me sleepy.
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ImpermanentPhobia
· 12-06 14:52
Still waiting for this damn breakout... 0.22 is almost becoming a legend, it's so frustrating to watch. Why isn't there any momentum yet?
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AltcoinMarathoner
· 12-06 14:52
just like mile 20 in a marathon, these descending triangles are where most sprinters tap out. 1inch still got legs though if it can clear that $0.22–$0.24 wall. accumulation phase vibes, ngl.
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CascadingDipBuyer
· 12-06 14:48
The triangle has been here for so long, still dragging on? If it can't break 0.22, then stop messing around.
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GamefiHarvester
· 12-06 14:26
It’s another one of those suffocating consolidations. 0.16 has been holding for ages without any movement. If this keeps dragging on, I’ll really fall asleep.
1INCH/USDT 3-Day Chart Check
Looks like 1INCH is trapped in a descending triangle pattern that's been playing out for a while now.
The $0.16–$0.18 zone? Still acting as solid demand support. But here's the thing — price action remains sluggish, trading below the Ichimoku cloud which signals ongoing weakness.
What to watch:
• Break above $0.22–$0.24 resistance could flip the script
• A clean 3-day candle close over that range would be the confirmation bulls are waiting for
Until then, it's a waiting game. The pattern is clear, now we need the momentum.