After multiple rejections from the resistance trendline,
#1INCH has finally reached a well-defined demand zone around $0.148 – $0.154 a level that has historically attracted buyers.
Instead of viewing this area as a weakness, this retest looks more like seller exhaustion.
Each push lower has been met with reduced momentum, suggesting that downside pressure is fading.
When a market revisits strong support multiple times without aggressive continuation, it often signals accumulation rather than distribution.
If price holds this zone and reclaims short-term resistance, a sharp relief move can follow as shorts get trapped and sidelined buyers step in. This is typically where risk-to-reward flips in favor of bulls.
Strong historical demand zone in play
Selling momentum clearly slowing
Potential for short squeeze on any reclaim
Attractive accumulation range for mid-term upside
As long as price defends this support, the bias shifts from shorting rallies to watching for bullish confirmation.
The next move could surprise many who are still leaning bearish.
Patience here usually pays.