Is 1inch Poised for a Game-Changing Bounce Despite the Bearish Chaos?
The mean coin age fell off a cliff from late June to mid-July. This signaled heavy on-chain token movement and profit-taking activity. Over the past two weeks, the mean coin age has been trending higher, reflecting network-wide accumulation.
The chances of a bullish reversal increase when combined with the retest of the key horizontal level at $0.24. Investors must hope that Bitcoin [BTC] formed a local bottom at $112k over the weekend.
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