🚀 1INCH is Waking Up — Is a Breakout Brewing?
$1INCH is up 13% today, hitting $0.2199, breaking above its 99-day MA ($0.2168) with growing volume. With a market cap of $330M, the DEX aggregator is still far below its ATH of $7.86. The recent bounce from the $0.15 region (ATL) suggests a strong bottom formation.
🔷 Fundamentals:
Launched: Dec 2020
Circulating Supply: 1.5B
Market Rank: #169
Use case: Decentralized liquidity aggregation across DEXs (DeFi powerhouse).
ATH was reached during peak DeFi hype; a resurgence in DEX usage could bring upside potential.
🔷 Technical Outlook:
Strong bullish candle with high volume.
Broke above MA(99) and MA(25), showing momentum shift.
Key resistance ahead: $0.24 and $0.30
Support: $0.20 and $0.175
➡️ Potential Catalysts:
1. Growing DeFi activity as Ethereum ecosystem heats up.
2. Exchange listings, governance developments, or tokenomics shifts.
🔍 Watch closely: If 1INCH sustains above $0.22, we could be looking at a trend reversal.