1inch rallies 85% in July, but should you prepare for a pullback now?
2025-07-13 06:48:26
Main Idea
1inch (1INCH) experienced an 85% rally in July, but on-chain metrics suggest potential profit-taking and a possible pullback despite the bullish market structure.
Key Points
1. 1INCH surged from a consolidation range of $0.15-$0.25 to break past the $0.25 resistance, driven by high trading volume and aggressive token purchases by the 1inch team.
2. The market structure remains strongly bullish, with the RSI indicating potential short-term price dips, and the $0.33 resistance level likely to be tested.
3. On-chain data shows long-term holders are aggressively taking profits, as indicated by a decline in mean coin age and high MVRV ratio.
4. The rally was supported by significant trading volume on Binance, with 186.76 million 1INCH tokens traded on June 11th.
5. Despite bullish signals, profit-taking activity suggests a possible pause or pullback in the rally.
Description
The mean coin age had been in a steady uptrend from February to June, but cratered over the past two weeks.
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