$1INCH edges higher and currently trades above $0.275 as at now, gaining over 20% in the day, and hints at a rally ahead as technical indicators indicate bullish divergence. This bullish thesis is further supported by rising open interest, the long-to-short ratio above one, and the negative exchange flow balance.
1inch token serves as both the governance and utility token for the 1inch Network, which has created a range of DeFi tools, including the Liquidity Protocol, Limit Order Protocol, P2P transactions, and the 1inch Wallet app.
