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- 1inch price performance amid market recovery<\/li>\n
- The 1INCH token has spiked 15% in the past week amid Bitcoin\u2019s rise to above $95k.<\/li>\n
- Could a key 1inch Investments Fund development help 1INCH price higher?<\/li>\n<\/ul>\n
The 1inch Network token (1INCH) has seen an impressive 15% surge over the past week, reaching $0.2089 as of April 28, 2025.<\/p>\n
According to CoinMarketCap data, this includes a nearly 4% spike in the past 24 hours.<\/p>\n
It\u2019s an upward movement that aligns with a broader crypto market recovery, currently seeing Bitcoin (BTC) hover above a key level.<\/p>\n
As 1inch price looks to break higher, other altcoins such as Casper are rallying<\/a>.<\/p>\n
Meanwhile, BTC is bidding for an uptick towards $100k<\/a> \u2013 the psychological level that could buoy altcoins in the short term.<\/p>\n
Currently, Bitcoin price sits around $95,218, up 1.9% in the past 24 hours and nearly 10% in the past week.<\/p>\n
With the overall market sentiment seeing bulls take charge, it\u2019s altcoins like 1INCH that could ride a wave of positive momentum to go parabolic.<\/p>\n
Why is 1INCH surging today?<\/h2>\n
As noted above, 1inch price has traded higher amid Bitcoin\u2019s spike to above $95k.<\/p>\n
It\u2019s an overall outlook that could continue to dictate bulls\u2019 performance.<\/p>\n
However, a likely key driver behind 1INCH\u2019s price surge is the strategic moves by 1inch\u2019s Investment Fund.<\/p>\n
According to Spot On Chain<\/a>, the fund recently rotated profits from Wrapped Bitcoin (WBTC) into $1INCH.<\/p>\n
The fund has sold 70.76 WBTC for 6.68 million USDC and then used 1.05M USDC to buy back 5.23 million 1INCH at the average buy price of $0.199.<\/p>\n
This move signals strong confidence in 1INCH\u2019s future value, especially given the fund\u2019s historical success in trading its own token. Previously, 1inch achieved a 118% profit from trading.<\/p>\n
Additional tailwinds for 1INCH may have come from 1inch\u2019s announcement of a new mobile wallet feature.<\/p>\n
This recent update, which enhances web3 accessibility, might be a key driver of 1inch adoption, increasing demand for the native 1INCH token.<\/p>\n
1INCH price prediction<\/h2>\n
From a technical perspective, 1INCH shows promising signs for continued growth.<\/p>\n
The Relative Strength Index (RSI) currently sits around 65, indicating that the token is nearing overbought territory but still has room before hitting extreme levels above 80.<\/p>\n
This suggests sustained buying pressure, though traders should watch for potential pullbacks if RSI climbs higher.<\/p>\n
![\"\"](\"https:\/\/coinjournal.net\/wp-content\/uploads\/2025\/04\/1inch-price-chart.png\")
1inch chart<\/a> by TradingView<\/figcaption><\/figure>\n \u00a0<\/p>\n
Meanwhile, the Moving Average Convergence Divergence (MACD) displays a bullish crossover.<\/p>\n
As can be seen in the chart above, the MACD line is above the signal line and has a positive histogram, reinforcing the upward trend.<\/p>\n
The price is also hugging the upper Bollinger Band. Based on this, $1INCH could target $0.24 in the short term, a level it previously reached in 2024. If this happens, bulls may eye new highs.<\/p>\n
However, if overbought conditions trigger profit-taking, a dip to $0.18 might occur as a key support level.<\/p>\n