1INCH Skyrockets 75%! What Does This Mean for Your Crypto Dreams?

by

Hold onto your wallets, folks! The 1INCH price just pulled a Cinderella and has dashed to $0.39 after breaking out of a long prep period like a high school senior finally getting a date to prom. 🏆 This incredible leap is thanks to the impressive $700 billion milestone in DEX volume! But… enter the drama: a bearish RSI divergence is suggesting that if we drop below the $0.30 support, it could be tragic. Like, “I forgot my lines in the school play” tragic. 🙈

So, what happened? Well, 1INCH (yes, that’s the name) recently went full-on superhero mode with a parabolic rally, coming hot off the heels of a years-long saga of tight confinement at around $0.16–$0.18. Apparently, strong volume is the magic potion that made it all happen. Who knew? 🧙‍♂️✨

Since this powerful surge, the token has been clearly following a trend of higher highs and higher lows, making what could be a neat little ascending channel. It’s like the price is trying to ascend the ‘Mount Everest of Crypto.’ However, it did pull back a bit to $0.34, just winking at that newly established support zone around $0.30, which is now hosting a cozy short-term demand party. 🎉

Now, about that price action: it looks like the dramatic breakout was riding the wave of a tight volatility compression range, but shocker! There’s no clear villain to blame for the surge. However, it just so happens this rally is around the same time the 1inch team decided to drop the bombshell that 1INCH Swap, their DEX aggregator tool, hit a staggering $700 billion in total trading volume! That’s some serious flexing in the DEX aggregation arena. 💪

This trading volume trove is probably a result of 1inch’s recent hustling and bustling to offer snappy transactions and slashed fees. Notably, they’ve teamed up with Linea, a zkEVM Layer 2 by ConsenSys, promising users up to 16.6 times lower fees and 6 times faster processing than Ethereum. Now that’s what I call a glow-up! We’ve also got integrations with Polygon and BNB Chain. Truly, 1inch is becoming the social butterfly of the blockchain world. 🦋

Even with the amazing rally and the epic DEX volume splash, a sinister bearish divergence has crept in: while 1INCH flaunted its three higher highs, the RSI came in with three lower highs, signaling that maybe the momentum party is winding down. Sorry, partygoers! 🎭😬

Now, the $0.30-0.32 short-term demand zone is becoming the star of the show. If the price manages to keep its head above this critical level, then we could be looking at a retest of the recent high around $0.39. But if it takes a nosedive below that zone? Well, let’s just say, we might have a deeper correction that could feel like a punch in the gut. 🥊💔

Read More

2025-07-15 15:41