Is 1inch About to Bounce Back? The Crypto Drama Unfolds

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Key Takeaways

So, here’s the scoop. 1inch is currently throwing quite the tantrum with a bearish market structure and enough downward momentum to make a roller coaster look tame. The sellers seem to have the upper hand, like a grumpy cat on a sunny windowsill, but there’s a glimmer of hope—maybe, just maybe, the price hit rock bottom and is gearing up for a glorious comeback. Or not. Stay tuned! 😬

Between July 13 and August 2, 1inch decided to play a game of “How Far Can We Drop?”—a whopping 40.7% retracement, dragging itself from a towering $0.391 to a sad $0.232. That’s like going from a decent-sized steak to a menu-side salad in a blink.

Yet, in the grand scheme of things, the higher timeframe market structure stubbornly remains bullish—like that one friend who insists everything’s fine even as the sky falls. So there’s that. 💪

On the bright side for those with faith (or wallets), the retracement bumped 1inch back to a level that was a resistance wall in May, making it look suspiciously like support now. Recently retesting the $0.24 zone as support is a promising sign—like catching your train just in time, or finding a forgotten ten-dollar bill in your coat pocket.

But—and it’s a big but—the technical indicators are about as enthusiastic as a Monday morning. The CMF is at -0.26, shouting “Sell!” with all the subtlety of a fire alarm. Meanwhile, the A/D line does its own thing, staying flat over ten days, making the whole situation more confusing than a cat in a box.

The MACD parades its bearishness proudly, confirming downward momentum without much hope of an imminent trend reversal. If only markets listened to their charts as much as they listen to gossip in the playground.

What the On-Chain Gurus Say: Blah, Blah, and A Bit of Hope

According to the crypto whisperers at AMBCrypto, sentiment has been about as positive as a rainstorm in July—negative, that is. The funding rate briefly dipped into negative territory on August 3, like a teetering roller coaster about to take a dive, but then it bounced back. The open interest dipped too, making traders look out the window and decide, “Maybe not today.”

All this social media gloom and doom hardly scream “buy now, or regret later,” but hold your horses—on-chain activity still whispers something different. The mean coin age, which is a fancy way of saying “how long coins sit around before someone moves them,” plummeted from late June to mid-July. This signals that people were actively moving tokens, probably taking profits or moving around like headless chickens. But lately, that number has been creeping upward again, hinting at some quiet accumulation, as if investors are playing the long game, sipping their coffee and waiting for the right moment. ☕

So, when you bunch all these clues together—the support retest, Bitcoin’s supposed “bottom,” and the on-chain whispers—it looks like a possibility of a bullish turn exists. But don’t hold your breath. This roller coaster isn’t finished yet, and predicting crashes or comebacks in crypto is like trying to guess which way a squirrel will dart. Buckle up! 🚀

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2025-08-04 09:15