1inch/Tether Market Overview for 2025-11-03

• Price declined from 0.1734 to 0.1522, with heavy selling pressure in the latter half of the day.
• Volatility spiked during the sharp drop below 0.1600, with a 15-minute candle gapping down to 0.1451.
• RSI reached oversold territory, while MACD turned bearish, suggesting possible exhaustion in the short-term downtrend.
• Bollinger Bands showed a recent expansion, reflecting increased volatility following the break of key support levels.
• Volume surged during the sharp sell-off, indicating a significant shift in market sentiment toward bearishness.

1inch/Tether (1INCHUSDT) opened at 0.1684 at 12:00 ET–1, reached a high of 0.1734, and a low of 0.1451, closing at 0.1522 as of 12:00 ET today. The pair experienced a broad sell-off, particularly in the late afternoon and early evening hours. Total volume for the 24-hour period amounted to 5,243,418.2 contracts, with notional turnover reaching 810.34 USD, reflecting heightened activity during the sharp decline.

The price action displayed a clear bearish trend over the day, with a key support level at 0.1600 being decisively broken by the candle ending at 0.1451. This candle formed a bearish gap, confirming the shift in sentiment. Earlier in the day, a Harami pattern was visible near 0.1685–0.1695, suggesting a potential pause in the uptrend before the reversal took hold. The subsequent breakdown from 0.1600 was marked by a large bearish candle, forming a piercing pattern with the following candle, indicating aggressive selling pressure.

Moving Averages and Volatility

On the 15-minute chart, the 20-period and 50-period moving averages both turned downward, aligning with the bearish momentum. The 20-EMA crossed below the 50-EMA, reinforcing the bearish bias. The Bollinger Bands showed a sharp expansion during the sell-off, particularly as price moved below 0.1600 and into the 0.1450s. This expansion suggests a period of heightened uncertainty and increased volatility, typical of a sharp trend continuation or reversal phase.

The RSI reached 22 by the end of the session, signaling oversold conditions, though this does not guarantee a reversal. The MACD line remained below the signal line throughout the day, with the histogram showing a broadening bearish divergence. This divergence, combined with the sharp price drop, supports the case for a potential continuation of the bearish trend rather than a short-term bounce.

Volume and Turnover

Volume increased significantly during the late afternoon and early evening, especially during the candles closing at 0.1451 and 0.1507. This surge in volume, combined with the sharp price drop, confirms the bearish breakdown. Notably, the volume during the 15-minute candle that closed at 0.1451 hit 1,924,016.7, the highest of the day, while the following candle saw 2,171,742.2 volume, indicating a strong conviction in the downward move. There was a notable divergence between price and turnover in the early part of the day, where price moved higher but volume remained relatively subdued—suggesting a lack of conviction in the bullish attempt.

Backtest Hypothesis

Given the bearish Harami pattern and the confirmed breakdown below key support at 0.1600, a backtesting strategy could look to enter short positions at the close of the breakdown candle (0.1451) with a stop-loss placed just above the 0.1500 level. The 20- and 50-EMA lines currently sit above the price, acting as dynamic resistance targets. A first target could be at the 0.1470–0.1480 zone, followed by 0.1440–0.1450. A Fibonacci retracement drawn from the 0.1451 to 0.1524 swing shows a potential 61.8% retracement level at 0.1490, which could serve as an early exit point if the market shows signs of stabilizing.