Cryptocurrencies Price Prediction: 1inch, Bitcoin & Ethereum — Asian Wrap 22 October
|1inch Network Price Forecast: Technical outlook suggest a rally ahead
1inch (1INCH) price is retesting key support levels on Tuesday after breaking above a descending trendline on Sunday. Technical outlooks suggest a rally ahead and provide a potential buying opportunity for sideline investors in the $0.261 to $0.273 range.
Crypto Today: Bitcoin, Ethereum lose gains, XRP corrects on Monday, traders brace for $400 million unlocks
Bitcoin trades above $67,000 on Monday. The largest cryptocurrency by market capitalization lost 2% of its value on Monday even as Spot Bitcoin ETFs note seven consecutive days of positive flows.
Ethereum Price Forecast: Demand boost is needed to extend gains
Ethereum (ETH) trades roughly 3% down on Monday, erasing the gains registered on Sunday, as it approaches its descending trendline and following a rally of over 11% last week. From an on-chain and technical perspective, the correction could prove short-lived as there are signs of growing investor confidence in ETH, with US spot Exchange Traded Funds (ETFs) recording mild inflows and the total amount of ETH held in accumulation addresses reaching a new all-time high.
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