1INCH Crypto Could Test $8 Again, Forming Double Bottom in BTC Chart | Cryptocurrency Price Analysis and Predictions

1INCH is showing some positive signs 

The cryptocurrency market recently experienced a massive crash and the large coins like BTC came down by about 20% while smaller coins fell as much as 50%! Fortunately 1INCH was not one of the coins that fell by 50% but it did fall by about 30% in price compared to the price point it was sitting at pre-crash. Although the market as a whole has seen a massive crash, according to our latest analysis many coins are showing somewhat strong signs of making a come back and starting to move up towards their pre-crash price range again.

Right now the crypto market has reached a very unpredictable point. Bitcoin saw a rise towards $50k but it got pushed back down to $48k and if it breaks the $48k resistance and goes lower, it would mean bad news for the whole market as most cryptocurrencies will also see a fall in price. If BTC holds $48k and starts moving up again it will be good news for the market and we may see a massive come back, only a week after the crash. If things go well, 1inch is showing signs that it may test the $8 price range again.

Right now in the 1INCH/BTC chart there is a new double bottom forming. The new double bottom can be a good sign for 1INCH because it may cause the token to once again start moving up and test the $8 resistance again. If nothing unpredictable happens from here, we may see a big rise in price for 1INCH from its current price of $2.50. 

The cryptocurrency market was starting to enter a big bull-run just a week ago but suddenly crashed in price. This means that this bull run has likely been delayed by a little bit since it will take some time for the market to stabilize at the pre-crash prices again and a bit after that we will enter the bull-run that we were predicted to enter a week ago. 

Currently another cryptocurrency that’s showing strong sings of a new bottom is Harmony which may start the next major wave soon, starting a rally to $1.

Harmony (ONE) Bottoming at $0.15, Next Major Wave may Rally to $1 

After the crypto market’s recent crash, some of the smaller coins were hit the hardest with coins like Harmony going from the $0.25 range all the way down to a low of about $0.16! The bigger coins fell by able 10-20% but some of the smaller coins fell as much as 50% over the last week but now things seem to be coming back as Bitcoin is once again attempting to enter the $50k range.

Currently Harmony is bottoming near $0.15 and we predict that from here we may see a massive rally that takes Harmony all the way up to the $1 price range. This would mean that Harmony may see a increase in price by about %660 once the next wave begins.

Harmony Price Chart

As you can see in the price chart below, Harmony is showing signs of a bottom at the $0.15 price range. This new bottom would mean that Harmony will pretty much complete its fifth wave and from…Read the full article by clicking here. 

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Ali F
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