1INCH: As token unlock approaches, is a price correction in the works?

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1INCH: As token unlock approaches, is a price correction in the works?
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1INCH’s MVRV ratio declined despite the price uptick. Metrics were bearish, but market indicators gave hope for a continued price surge. 1inch Network [1INCH] will unlock new tokens on 5 April 2023, which will increase its circulating supply. As per Token Unlock, over 287,000 1INCH tokens worth $149,585 will be unlocked, accounting for 0.019% of […]

’s daily chart gave hope for a continued surge as a few of the indicators supported the bulls. The Exponential Moving Average Ribbon showed an ongoing tussle between the bulls and the bears.

1INCH’s Chaikin Money Flow registered an uptick and was heading further up from the neutral mark, increasing the chances of a further price uptick.Read the best crypto stories of the day in less than 5 minutes

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