1INCH is currently trading at $0.175593, reflecting a 24-hour decline of 2.20%. The price has tested a high of $0.18213 and a low of $0.175348 within the last day, indicating a tight trading range of 0.006782%.

The trading volume stands at approximately 12.45 million, representing 5.06% of the market cap, which suggests reasonable liquidity but could also indicate some bearish pressure as volume decreases with price drop. Technical indicators show that the hourly moving averages are trending downward, with the 8 SMA at $0.1779 and the 144 SMA at $0.1873, confirming a bearish short-term outlook.

The 1-hour RSI is at 20, indicating that the asset is oversold in the short term, while the 7-day RSI is at 40, suggesting that bearish momentum may persist in the near future. Over the past week, 1INCH has seen a price drop of 6.66%, with further declines of 10.15% and 12.48% over the 14-day and 30-day periods respectively, indicating a sustained downward trend.

Given that the asset is trading significantly below its all-time high of $8.65, there is substantial room for recovery; however, current price action does not show any immediate signs of a reversal. In this context, despite oversold conditions indicated by the RSI, the prevailing trend remains bearish with no clear support levels established to initiate a potential upward move.

Based on the current analysis, the recommendation for 1INCH is to Hold. The asset's oversold condition could present a buying opportunity, but the overall downtrend and lack of bullish momentum signal caution for new positions at this time.