1INCH/USDT Market Overview: Bullish Consolidation Amid Volatility

• Price surged 0.232 to 0.2435 with a consolidation at 0.2387
• Key resistance at 0.2395-0.2405 and support at 0.2363-0.2355
• MACD positive, RSI neutral, and volume surged in early session
• Volatility expanded post 00:00 ET with high notional turnover
• Bullish momentum paused with bearish candle at 0.238–0.2387

The 1inch/Tether (1INCHUSDT) pair opened at 0.232 on 2025-09-26 12:00 ET and closed at 0.2387 by 12:00 ET the following day, with a high of 0.2435 and a low of 0.232. Total trading volume over 24 hours was 4,283,198.9, and notional turnover reached $1,034,295.9 (assuming $0.2387 average price). The pair exhibited high volatility and uneven candlestick formations throughout the session.

Structure & Formations

Price action developed a strong upward trend early in the session before consolidating in the 0.238–0.2395 range. A bearish engulfing pattern emerged at 0.238–0.2387, indicating a potential pause in bullish momentum. Key resistance levels formed at 0.2395–0.2405, with 0.2375–0.2365 acting as strong support. A doji at 0.239–0.2394 suggested indecision at the top of a recent rally, while the 0.238–0.2387 bearish candle confirmed short-term bearish pressure.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages (MAs) were in bullish alignment, with price above both lines until the 02:15 ET candle. The 50-period MA acted as dynamic support in the 0.236–0.237 range. Over the daily timeframe, the 50/100/200-period MAs were bullish, with price comfortably above the 200-day MA, indicating a longer-term positive bias.

MACD & RSI

MACD remained positive throughout the early part of the session, with the line above the signal line until midday. A bearish crossover occurred in the 01:15–02:15 ET range, aligning with the bearish engulfing candle. RSI reached overbought territory near 0.2435 (RSI ~70) but pulled back to neutral levels. The indicator has since remained in the 50–60 range, suggesting moderate bullish momentum but no extreme overbought conditions.

Bollinger Bands

Bollinger Bands showed an expansion in volatility post 00:00 ET, with the upper band reaching 0.2435. Price traded inside the upper band for most of the session before consolidating near the middle band (0.2385). A contraction was observed between 04:00 and 06:00 ET, signaling potential for a breakout or continuation. Currently, price is positioned within the band, suggesting moderate volatility and no immediate breakout signal.

Volume & Turnover

Volume surged in early morning trading, with the 00:15–01:45 ET period recording a total volume of over 975,000 and a turnover of $234,000. A divergence between rising volume and consolidating price was observed between 05:00 and 08:00 ET, indicating potential for a breakdown or breakout. The last 6 hours saw a decline in both volume and turnover, suggesting fading momentum.

Fibonacci Retracements

Applying Fibonacci to the 0.232–0.2435 swing, key levels include 38.2% at 0.2374, 50% at 0.2378, and 61.8% at 0.2382. Price currently hovers near the 61.8% level, indicating a potential reversal point if bullish momentum resumes. On the daily chart, the 50% level at 0.2365 and 61.8% at 0.238 are in play, aligning with current support and resistance levels.

Backtest Hypothesis

The backtest strategy described involves entering long positions on a 15-minute chart when price crosses above the 50-period EMA and RSI moves into the 50–60 range, with a stop loss placed at the previous swing low and a target at the next Fibonacci level. The analysis above shows that this setup would have entered long near 0.232–0.234 and held through to the 00:15–01:15 ET period, capturing the 0.234–0.2435 rally. However, the bearish engulfing candle at 0.238–0.2387 would have triggered a sell-off or tight stop loss, limiting risk exposure. This strategy appears to align with the current trend and could be worth testing on historical data before deployment.