1inch (1INCH) Price Prediction: After a pullback of over 40%, retesting key support, on-chain indicators suggest a potential rebound. 1inch experienced a deep pullback of 40.7% from mid-July to early August, dropping from $0.391 to $0.232. However, despite the technical indicators still showing weakness, 1INCH is retesting the $0.24 support area, which transformed from the May resistance level. On-chain data shows an enhanced accumulation trend, and investors can look for potential reversal opportunities. Price Pullback to Important Support Zone. From July 13 to August 2, the price of 1INCH dropped over 40%, but it still maintains a bullish structure on higher time frames. The current price has fallen back to the $0.24 area, which was a key resistance in May, and has recently been successfully tested as support, providing a positive signal for long-term investors and potentially forming a low-buy opportunity. Technical Indicators Still Bearish, Market Sentiment Cautious. Although the price shows support signals, the main technical indicators have not turned in sync. The Chaikin Money Flow (CMF) is at -0.26, indicating strong selling pressure over the past two weeks; the A/D indicator has remained nearly flat over the past ten days, suggesting that the market selling pressure is not as severe as indicated by the CMF; the MACD supports the bearish structure, showing that downward momentum is still present. (Source: TradingView) Social Sentiment Dismal, but On-chain Behavior Shows Positive Changes. According to AMBCrypto analysis, since late July, the sentiment on social media regarding 1INCH has mostly been negative, and on August 3, the funding rate briefly turned negative, indicating strong bearish sentiment in the derivatives market. At the same time, open interest has decreased, reflecting a cautious attitude among short-term speculators. (Source: Santiment) Rising Average Coin Age Reveals Network-Level Accumulation. Despite the low sentiment, the on-chain Mean Coin Age has started to rise consistently since mid-July. The previous sharp decline in average coin age suggested that a large number of tokens were moved or taken profit, while the data from the past two weeks indicates that investors have begun to reaccumulate 1INCH, providing important support for a potential reversal. Bitcoin's Trend May Affect Short-Term Trend Development. If Bitcoin has bottomed around $112,000, the market is expected to welcome an overall rebound, and 1INCH, as one of the mainstream DEX tokens, is likely to benefit from this. Therefore, investors should closely monitor the short-term trend of BTC and its impact on the recovery of 1INCH. Conclusion: Although the technicals are still weak, the defense of the $0.24 key support level and the accumulation signals from on-chain data are building a foundation for a rebound in 1INCH. As market sentiment gradually improves, 1INCH may become the next focal point.