1inch Soars 85% in July: Is a Dramatic Crash on the Horizon? 🤑📉

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Key takeaways

Ah, the illustrious 1inch! A bold knight galloping valiantly towards the $0.33 castle! But— profit-chomping goblins lurk in the shadows, ready to snatch those hard-earned gains!

Lo and behold, the 1inch [1INCH] has embarked on a meteoric rise. After a couple of months of tranquil slumber from March to June—where it languished at the humble realms of $0.15-$0.25—our brave altcoin erupted skyward on the 11th of June, much like a phoenix at a particularly uncomfortable family reunion.

On this fateful day, Binance witnessed a staggering 186.76 million 1inch tokens change hands, a trading volume that dazzled at $58.8 million, enough to give any reasonable trader an existential crisis.

With trading volumes blasting beyond the dreadful $0.25 barricade, it was clear the rally wasn’t just a whimsical game of liquidity hide-and-seek.

What spurred such audacity? A valiant announcement that the 1inch brigade invested a noble sum of $7.5 million to snag 37.3 million tokens—an act of defiance promising even more acquisitions in the days to come.

Profit-taking could pause in 1inch’s rally

The market structure on the vibrant 1-day canvas was decidedly bullish—strokes of triumph boldly painting over the past series of descending peaks. The recent ascension past the $0.25 milestone screams bullish intent louder than your Aunt Genya at a wedding.

The grand spectacle of July’s trading volume elevated the On-Balance Volume (OBV) to new heights, reaching glorious pinnacles unbeknownst to mankind this year!

Yet, beware! The RSI, that fickle oracle, has glided into overbought territory, whispering rumors of an impending price dip. Our gallant $0.33 resistance fortress beckons before we face the next sizable tumble. Once a stronghold in late January, it has now donned the crown of resistance—oh, how times change!

Wise traders may wish to pocket some profits at these tantalizing prices, while also keeping an eye on the royal $0.328 threshold.

Data from the forecasts of Santiment reveals that long-term holders are in the process of profit extraction—how delightful! The mean coin age, much like a fine wine, had been steadily maturing from February to June. But alas! In July, this measurement took a nosedive, launched into the abyss alongside the dormant circulation spikes.

This phenomenon indicates that our long-term comrades are stirring, likely preparing to hold a grand clearance sale on their tokens!

The MVRV ratio signals a plethora of profits, suggesting that the merry parade of the rally might hit a speed bump in the near future. Yet, if the prudent trades await a pullback, there may still be room for a glorious adventure ahead!

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2025-07-13 09:46