1inch/Tether Market Overview

• Price tested key resistance at $0.2670–$0.2685 but reversed.
• Volatility surged in the early hours before stabilizing.
• Volume spiked in the 24-hour range, indicating increased participation.
• RSI reached overbought territory briefly but pulled back.
• Price consolidation near a Fibonacci 61.8% level suggests potential reversal.

The 1inch/Tether pair (1INCHUSDT) opened at $0.2545 on 2025-09-17 at 12:00 ET and reached a high of $0.2721 before closing at $0.2671 at 12:00 ET on 2025-09-18. Total volume for the 24-hour period was approximately 5,403,262.5 1INCH tokens, with a notional turnover of $1,440,464.04 (assuming $0.2671 as the average close price).

Structure & Formations

Price formed several key patterns throughout the 24-hour period. A bullish engulfing pattern emerged around 19:30–19:45 ET, signaling a short-term reversal. Later, at 03:15–03:30 ET, a strong three white soldiers formation suggested continued upward momentum. A bearish harami near the close on 2025-09-18 indicates a potential pause. Key support levels were identified at $0.2658 and $0.2641, while resistance sat at $0.2670 and $0.2685.

Moving Averages

On the 15-minute chart, price broke above the 20-period SMA at several points during the day but remained below the 50-period SMA, indicating mixed short-term momentum. On the daily chart, price traded above the 50-day SMA but under the 100- and 200-day lines, suggesting the asset is in a medium-term neutral to slightly bullish phase.

MACD & RSI

The MACD crossed above zero around 20:00 ET on 2025-09-17, confirming bullish momentum, but diverged slightly after 04:00 ET as price continued higher, suggesting weakening upward thrust. The RSI reached a peak of 68 in the early hours of 2025-09-18, entering overbought territory before declining to neutral levels, hinting at a potential pullback.

Bollinger Bands

Volatility expanded significantly in the late evening and early morning hours, with price touching the upper band multiple times, especially between 00:00–04:00 ET. The band width widened by ~15% from midday to early morning, indicating a period of heightened uncertainty and trading interest.

Volume & Turnover

Notional turnover reached its peak around 02:15–02:30 ET, with a notable divergence from price. Despite continued price gains, turnover declined after 05:00 ET, suggesting reduced participation. Volume spikes were most pronounced during breakout attempts, particularly at $0.2680 and $0.2690, which were followed by consolidation.

Fibonacci Retracements

Applying Fibonacci levels to the 24-hour swing high of $0.2721 and low of $0.2543, price held near the 61.8% retracement level of $0.2671. This area has shown both support and resistance during the consolidation phase and may be a key watch level for the next 24 hours.

Backtest Hypothesis

The backtest strategy described focuses on using a combination of RSI and Fibonacci retracements to identify potential reversal points during consolidation phases. By entering long positions when RSI dips below 30 and price aligns with a 61.8% retracement level, or shorting when RSI exceeds 70 and the price is near a 38.2% retracement, traders aim to capture short-term reversals with tight stop-losses.

The current market action aligns with this strategy, particularly around the 61.8% level of $0.2671. A successful continuation above this level, especially with RSI stabilizing in overbought territory, could validate the bullish hypothesis. Traders may consider using a 1% stop-loss and a 1:2 risk-reward ratio to manage exposure.