1INCH, the native token of the cross-chain liquidity protocol 1inch Network, is struggling despite recent positive developments. On Aug. 19, the project announced the launch of native swaps between Solana and several other chains.
Yet, the 1INCH price action tells a different story. Momentum remains weak, and the altcoin has failed to deliver a breakout, leaving the token under pressure even as fundamentals improve.
In this analysis, CCN breaks down how this disconnect unfolded — and what could be next for 1INCH in the short term.
1inch Faces Repeated Rejections
On the 4-hour chart, 1INCH trades below a key resistance line after facing repeated rejections.
Since Aug. 10, the altcoin has failed to break above $0.26, $0.28, and $0.30. Each rejection reinforces the strength of sellers at higher levels.
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This pattern highlights the market’s reluctance to support a sustained breakout, keeping 1INCH under bearish pressure.
Due to repeated rejections, 1INCH’s price has slipped below the 20-period Exponential Moving Average (EMA) on the 4-hour chart.
Losing this key support signals further weakness in the trend.
The breakdown below the 20 EMA (blue) reinforces bearish momentum and raises the risk of another correction, especially after the token has already dropped 26% over the past month.
Amid the decline, the project announced that it had successfully integrated swaps between Solana and 13 other Ethereum Virtual Machine (EVM) chains.
“Swap Solana across 13+ chains, without bridges. Trustless MEV-protected at the best rates,” The project disclosed.
From an on-chain perspective, the 90-day Mean Dollar Invested Age (MDIA) has continued to climb. This increase suggests long-term holders keep their tokens dormant instead of moving them.
This signals a lack of fresh capital rotation into the network. While rising MDIA can highlight firm holder conviction, it may also point to reduced short-term activity.
If this trend continues, 1INCH’s price might struggle to bounce from its recent decline.
1INCH Price Prediction: Bearish Setup Confirmed
Looking at the technical perspective again, the daily chart shows 1INCH consolidating inside a descending triangle, a bearish continuation pattern that signals the potential for further downside.
The repeated lower highs highlight persistent selling pressure, while the horizontal support level grows weaker with each test — increasing the risk of a breakdown.
In addition, the Awesome Oscillator (AO) has dropped to the negative region, indicating bearish momentum. Should this setup remain the same, 1INCH’s price might slide to $0.21.
The cryptocurrency’s market value might drop to $0.15 if selling pressure increases. However, if bulls push 1INCH above the triangle’s upper trendline, the price might jump to $0.33.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Victor Olanrewaju is a crypto analyst and reporter at CCN with deep roots in on-chain research and technical analysis. His crypto journey began in 2017, but it was the 2020 Uniswap airdrop that sparked a full-time pivot into the space.
With a foundation in copywriting, Victor honed his craft creating high-converting content for leading crypto brokers — most notably an XRP price prediction that ranked #1 on Google during the 2021 bull run.
He later joined AMBCrypto in 2022, where he combined storytelling with technical and on-chain analysis to cover key market narratives.
In 2024, he expanded his expertise at BeInCrypto, collaborating with analysts and using tools like Glassnode, Santiment, and IntoTheBlock to break down Bitcoin and altcoin trends.
At CCN, Victor covers the top cryptocurrencies, memecoins, macro shifts, blending real-time insights with deep-dive metrics.
He holds a Bachelor’s degree in Physics from the University of Ibadan, equipping him to simplify complex data for a wide audience. Follow his work or connect on LinkedIn or X.
