Market Overview for 1inch/Tether (1INCHUSDT)

• Price dipped from 0.2754 to 0.2684 before a late recovery to 0.2708
• Key support at 0.2694 held during the early morning pullback
• Volume surged in the 04:45–05:15 ET period, confirming the recovery
• RSI and MACD signaled oversold conditions before the rebound
• Volatility expanded during the low point, suggesting possible range-bound near-term action

At 12:00 ET-1, 1INCHUSDT opened at 0.2733, reached a high of 0.2754, fell to a low of 0.2683, and closed at 0.2708 by 12:00 ET. The 24-hour trading volume was 1,633,183.1 with total turnover of $447,549.37. Price action exhibited a strong bearish pullback early on, followed by a recovery driven by buying interest in the early morning.

Structure & Formations

The price formation showed a bearish engulfing pattern during the initial decline from 0.2754 to 0.2699, signaling a potential reversal in momentum. A bullish piercing line emerged around 0.2694–0.2702 after a 4-hour consolidation period. The 0.2694 level acted as a key support, with a hammer-like candle confirming a short-covering bounce. No clear doji were observed, but the retracement from 0.2683 to 0.2708 may indicate a temporary equilibrium.

Moving Averages

On the 15-minute chart, the 20-period and 50-period EMA crossed below the price after the initial bearish move, but the 50-period began to rise during the recovery. On the daily timeframe, the 50/100/200 EMA lines are aligned slightly bearish, but the 50-period line is beginning to trend upwards. This suggests the pair may consolidate near the 0.270–0.272 range in the short term.

MACD & RSI

The MACD line hit a bearish crossover before 5:00 ET and remained negative for several hours, but began to trend upward after 6:00 ET. The RSI dipped below 30 and stayed in oversold territory until 7:00 ET, confirming the bearish exhaustion. A bullish divergence between the RSI and price emerged as the price continued higher while RSI flattened, hinting at possible continuation of the recovery.

Bollinger Bands

Bollinger Bands showed a moderate contraction during the consolidation phase, with price staying near the lower band. After the 04:45 ET candle, the bands expanded and the price moved back toward the middle band, suggesting a temporary stabilization in volatility and a potential range-trading setup.

Volume & Turnover

Volume spiked during the 04:45–05:15 ET period, coinciding with the recovery phase, and remained elevated as price moved above 0.27. Turnover increased by over 40% during that period compared to earlier in the day. The volume-to-price correlation during this recovery is positive, suggesting genuine buying interest rather than a false bounce.

Fibonacci Retracements

Applying Fibonacci retracements to the key 0.2754–0.2683 swing, price tested the 61.8% (0.2704) and 78.6% (0.2726) levels during the recovery. These levels appear to be critical for potential near-term resistance. Daily Fibonacci levels suggest a possible target at 0.2738–0.2744 based on prior bearish swings, which could be a short-term ceiling if the current momentum continues.

Backtest Hypothesis

A potential backtesting strategy could involve entering long positions near the 61.8% and 78.6% Fibonacci retracement levels during a recovery phase, with stop-loss placed just below the most recent swing low. Given the MACD divergence and RSI oversold condition observed during this 24-hour period, a rule-based entry on a bullish reversal pattern (e.g., bullish engulfing or piercing line) could be implemented with a target near the upper Bollinger Band. Traders might also consider a 1:2 risk-to-reward ratio, exiting longs near the 0.2735–0.2740 resistance cluster. This strategy would leverage the current technical alignment of Fibonacci, momentum, and volatility patterns.