Hi friends hope you are well, and welcome to the new update on the 1Inch token.

On a weekly time frame, 1inch has broken down the support of a big bearish pennant, and now the support of the pennant is flipped into a strong resistance for the priceline of 1inch. 

On a daily time frame, 1inch has formed a rising wedge pattern and getting bounced from the support of this wedge.

If 1inch breaks out the resistance of the rising wedge pattern, then there will be a high probability to break the big resistance of the down trendline on the daily time frame chart as well.

For a detailed analysis, you can also watch the video.