Deep Dive
1. Strategic Team Accumulation (Bullish Impact)
Overview:
On November 6, 1inch’s treasury fund bought $5M worth of 1INCH at $0.15 via Binance, confirmed by Arkham Intelligence. Historically, similar buys in late 2024 drove prices from $0.24 to $0.53.
What this means:
- Supply squeeze: The team now holds 83.97M 1INCH (~6% of circulating supply), reducing sell-side pressure.
- Sentiment boost: Signals internal confidence amid a -26% 90-day decline.
Watch: Follow the team’s wallet for further accumulation or profit-taking.
2. Network Usage Spike (Bullish Impact)
Overview:
Daily transactions jumped from 1,000 to 4,800, while active addresses rose from 324 to 551 in 5 days (AMBCrypto).
What this means:
- Utility validation: Higher activity correlates with 1inch’s recent Solana integration and AI security upgrades.
- Holder loyalty: Stable user counts suggest reduced panic selling during volatility.
3. Technical Breakout (Mixed Impact)
Overview:
1INCH reclaimed its 30-day SMA ($0.184) and tested the 23.6% Fibonacci level ($0.2324). The MACD histogram turned positive, but RSI-7 (62.9) shows room before overbought.
What this means:
- Bullish structure: Broke descending channel from October, targeting $0.226 (next liquidity cluster).
- Risk: Rejection at $0.20 (Nov 7 high) hints at weak follow-through; $0.1897 is critical support.
Conclusion
1INCH’s rally combines strategic buying, improving fundamentals, and technical momentum, but sustainability hinges on holding $0.1897.
Key watch: Can 1INCH close above $0.20 to target its 200-day SMA ($0.2287)? Monitor team wallet movements and hourly RSI for exhaustion signals.