Massive $5M Bet Pumps 1INCH 29% – But Can Bulls Keep the $0.20 Line?!

by

Key Takeaways

Why is 1INCH Up Today?

Ah, the sweet scent of a sudden rise. 1INCH has surged-thanks to a cocktail of team purchases, whale-sized orders, and, let’s be honest, some really enthusiastic network activity.

Will the Breakout Hold?

Will the party last? Well, it all comes down to $0.20. Stay above it, and we might be in for some champagne showers. Fail, and it’s back to the drawing board. 🥂

So, here’s the deal: 1INCH surged over 29% since the team made their big buy on Binance. But wait-by the time we’re writing this, the gains have already dropped to 17%. Who said crypto was boring? 😜 After peaking above $0.20, it got promptly rejected. Ouch.

But don’t panic. The team’s buy wasn’t the only thing that set things in motion-there was also a nice uptick in network activity, just to keep things spicy.

Key Catalysts in the Trend

Here’s the juicy bit: the 1INCH investment fund, fresh off its latest shopping spree, splashed out a cool $5 million on Binance to go long on the token. The buy happened at $0.15, pushing the price back above $0.20. It was a 29% pump, people. But will it stick? Who knows? Probably depends on whether the whales are still hungry. 🐋

And, for the record, this isn’t the first time this fund has done this. Historical data shows that when they jump in, price tends to do the same. Like last year, when they helped the price soar from $0.24 to $0.53. 💸

Plus, there was a spike in transaction counts-a nice, sharp rise from 1K to 4.8K in just one day. Network activity? More like network enthusiasm. 🔥

Active addresses? They’ve been busy, too. They jumped from 324 to 551, which, as we all know, is definitely a good sign when you’re trying to keep a rally going. 📈

What’s Needed for the Price?

Here’s the fun part. The price reversed from $0.15 and briefly broke above $0.20, only to immediately be hit with a rejection. Ouch. But hey, the MACD’s still looking bullish. And the Money Flow Index (MFI)? Still above 82, so buyers are technically in control. 🎯

But-and this is a big but-the bars in the chart show some weak sauce in terms of strength. Is that why the move got rejected? Probably. Crypto, man. 😅

Now, for 1INCH to hit the magical $0.30, it needs to stay above $0.20. If it drops below that level, brace yourself for a drop down to $0.10. Welcome to the volatility club. 🥳

Oh, and let’s not forget: the instant rejection above $0.20 could be a sign that the team’s taking some profits off the table. Not that we’re saying they’re greedy or anything. 🙃

Buyers Eye the Upper Levels

Meanwhile, buyers have managed to keep the long liquidation leverage slightly higher than the shorts. The difference? About $790K. So yeah, the buyers are still in charge… at least for now. 🏦

The liquidation heatmap? Oh, it’s a hot mess of liquidity. The most important level right now seems to be $0.1897. If the price hits that sweet spot, it might just break above $0.20 again. Fingers crossed. 🤞

And for those of you keeping track, the highest liquidity cluster is sitting at $0.2260. But we’re not there yet, are we?

One more thing: the liquidity below the current price? Almost non-existent. So, if 1INCH drops, don’t expect a lot of orders to catch the fall. Not much safety net here, folks. 💥

In conclusion: 1INCH saw a nice bump thanks to the team’s buy and network activity. But it still needs a little more than a lucky buy to make this trend stick. A clear structural break is what we need-otherwise, this might just be a classic crypto tease. 😏

Read More

2025-11-07 05:49