1INCHUSDT Market Overview: Volatile 24 Hours End in Consolidation Amid Key Support Test

• Price closed 0.2559 (-0.24%) on 2025-10-08 after a volatile 24-hour range between 0.2490 and 0.2609.
• Momentum reversed after a bullish breakout above 0.2575, but failed to sustain gains, ending in consolidation.
• Volume increased notably during the afternoon (ET), but price action showed divergence, hinting at potential exhaustion.
• RSI entered overbought conditions briefly but retreated, signaling weakening upward momentum.
• Bollinger Bands widened in the morning before contracting, suggesting short-term indecision and a potential pivot point.

The 1INCH/USDT pair opened on 2025-10-07 at 0.2552 and traded between 0.2490 and 0.2609 over the next 24 hours, closing at 0.2559 at 12:00 ET on 2025-10-08. Total traded volume reached 5.5 million tokens, with a notional turnover of approximately $1.43 million. The price action reflected choppy momentum amid key level tests, especially in the late hours of 2025-10-07.

Structure & Formations

The 15-minute OHLC data reveals a series of key support and resistance levels emerging over the past 24 hours. A critical support zone formed around 0.2540–0.2550, with price bouncing off this area multiple times. On the resistance side, 0.2575–0.2580 appears to act as a recurring ceiling, with price struggling to break above it for an extended period. Notable patterns include an engulfing bullish candle on October 8 at 08:30 ET, followed by a bearish harami at 11:30 ET—suggesting a reversal in sentiment. A doji formed at 02:15 ET, highlighting indecision and potential pivot points.

Moving Averages

Over the 15-minute timeframe, the 20-period and 50-period moving averages show price frequently crossing above and below, indicating a non-trending, range-bound environment. On the daily chart, the 50-period moving average sits near 0.2555, with the 100-period at 0.2562 and the 200-period at 0.2540. The price appears to be consolidating around the 50- and 100-day averages, suggesting that a breakout in either direction could confirm the next trend.

MACD & RSI

The MACD on the 15-minute chart shows a divergence between price and momentum, particularly in the late hours of 2025-10-07 and early 2025-10-08. While the RSI briefly entered overbought territory above 70, it quickly retreated, indicating a lack of follow-through in bullish buying. Conversely, the RSI has not entered oversold levels, suggesting that bears are not yet in control. The MACD histogram is fluctuating around the zero line, pointing to mixed signals and a potential consolidation phase.

Bollinger Bands

Bollinger Bands expanded in the morning hours, reaching a width of over 0.0030, before narrowing in the late afternoon—signaling a potential turning point in volatility. Price remained within the bands for most of the 24-hour period, with brief excursions near the upper band around 0.2600 and near the lower band around 0.2500. The current price is sitting slightly below the 20-period moving average within the middle band, reinforcing the idea of a consolidation pattern.

Volume & Turnover

Volume spiked sharply in the late hours of 2025-10-07 and early 2025-10-08, especially during the 03:30–04:30 ET window, with a large candle forming at 03:30 ET (volume: 223,219.1 tokens). This was followed by a sharp drop in volume and price consolidation, indicating potential exhaustion. The notional turnover increased in tandem with volume but failed to confirm bullish continuation, raising questions about the sustainability of the move above 0.2575.

Fibonacci Retracements

Applying Fibonacci retracement levels to the 24-hour swing from 0.2490 to 0.2609, the 0.382 (0.2553) and 0.618 (0.2539) levels align with key consolidation areas observed in the data. On the 15-minute chart, the 0.2540–0.2550 range corresponds closely to the 0.618 retracement level of the earlier intra-day swing. This suggests that a break below 0.2540 could test the next key support at 0.2539, while a break above 0.2575 could see a retest of the 0.2580–0.2590 resistance cluster.

Backtest Hypothesis

The backtesting strategy in question utilizes a breakout-based system triggered by candlestick structure and volume confirmation on the 15-minute chart. A long entry is initiated when price closes above the 0.2575–0.2580 resistance cluster with increased volume, and a short entry is triggered when price closes below the 0.2540–0.2550 support area with similar volume divergence. Given the observed consolidation and recent divergence in the 24-hour candle pattern, this strategy would have generated a long signal during the morning breakout but would have seen the trade invalidated by the bearish reversal later in the day. The effectiveness of this system may depend on the ability to filter false breakouts and confirm with secondary indicators such as RSI divergence or volume confirmation.