Recent activity suggests that crypto market participants are paying considerable attention to the price of 1inch. On-chain data reveals an increase in sentiment among crypto holders, supported by a surge in dormant coin circulation and social media volume. This could be enough to propel the 1inch price to a new high; the 30-day MVRV ratio standing at 15%, just below the potential euphoric market high of 23.50%. If 1inch breaks the resistance at $0.597, a rally towards $0.70 is forecasted. If bears take control, a fall to $0.40 may be expected.

An important on-chain indicator worth monitoring for 1inch Performance is the Social Volume - the amount of conversation surrounding the digital asset on social media platforms. This metric recorded its second highest spike of the year on March 30, suggesting an increased level of interest in 1inch. Previous occurrences of similar-sized Social Volume spikes have seen the associated asset rally by over 68%.

The 90-day Dormant Coin Circulation is another significant indicator to consider. This measures the number of coins or tokens that have not been moved for some time prior to a 24-hour period. On March 27, the Circulation spiked to 22.62 million, worth $12.98 million - only the second spike of its size in 2021. Trends related to this metric can either be bullish or bearish, and can indicate potential large price movements. An example of this would be the end of February, when a similar spike in Dormant Coin Circulation lead to an increase in 1inch price by about 30%.

The Market-Value-to-Realized-Value (MVRV) provides an insight into the potential future performances of 1inch. This metric compares the current market capitalization of the asset to its realized capitalization, and stands at 15% - slightly below the euphoric market high of 23.50%. Should there be a break above $0.597, a resulting rally towards $0.70 is predicted whilst a fall to $0.40 could be expected should bears take control. Currently, holders who have purchased 1inch in the last month are in a slight profit of 6.50%.



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