Market Overview for 1inch/Tether USDt (1INCHUSDT) on 2025-09-06

• 1INCHUSDT traded in a tight range with a bearish close, ending at 0.2439 after testing key resistance levels.
• Momentum slowed in the RSI with overbought conditions easing, while volume remained elevated in late-night hours.
• Bollinger Bands constricted midday, indicating potential volatility ahead, with price near the upper band in the final hours.
• A bullish engulfing pattern appeared briefly during the overnight session, but failed to hold above 0.2455 resistance.
• Notional turnover spiked in the early morning, showing buying pressure but failed to confirm a breakout.

The 1INCHUSDT pair opened at 0.2440 on 2025-09-05 at 12:00 ET and closed at 0.2439 on 2025-09-06 at 12:00 ET. The high for the 24-hour period was 0.2462, and the low was 0.2410. Total volume was approximately 3,025,606.8 units, while notional turnover amounted to roughly 737.46 USDT. The pair displayed a choppy, consolidative trend with several attempts to break higher, failing each time around the 0.2450–0.2455 zone.

Structure & Formations

Key resistance levels were identified at 0.2450–0.2455, where price encountered multiple rejections. A bullish engulfing pattern emerged at 02:00 ET on 2025-09-06, suggesting a potential reversal, but the pattern was quickly negated by bearish pressure. A bearish evening star formation was observed at 05:45 ET, indicating a likely top in the short-term. Support levels held firm at 0.2435 and 0.2430, with the former showing stronger resilience. A doji formed near 0.2455 at 03:45 ET, indicating indecision and a likely continuation of consolidation.

Moving Averages

On the 15-minute chart, the 20-period and 50-period SMAs intersected around the 0.2440–0.2445 range, forming a dynamic support/resistance zone. Price oscillated slightly above and below the 20SMA in the final 6 hours, suggesting a potential breakout attempt. Daily averages showed a longer-term bias with the 50-day SMA at 0.2438 and the 100-day SMA at 0.2434, indicating a slightly bullish alignment but not strongly confirming a trend.

MACD & RSI

The MACD crossed into positive territory during the early morning but quickly weakened as bearish momentum took over. The histogram peaked at 02:00 ET before collapsing, reflecting the failed breakout attempt. The RSI approached overbought levels at 0.2462 but failed to sustain, retreating into neutral territory by late morning. RSI readings below 50 in the final 12 hours suggest weakening bullish momentum, with bears likely to have the upper hand over the next 24 hours.

Bollinger Bands showed a slight contraction in the early part of the day, followed by a modest expansion in the late evening and night. Price remained within the band for much of the session, staying near the upper band in the final 8 hours, indicating elevated volatility and a potential for either a breakout or a retracement back toward the mean. The 2σ upper band touched 0.2465, a level that was never reached, suggesting limited upside pressure.

Volume & Turnover

Volume surged between 02:00 and 04:00 ET as price tested 0.2450–0.2455, but this spike did not translate into a breakout, suggesting a bearish divergence. Turnover spiked higher during the same period, peaking at over 97,908 USDT in one 15-minute interval. In the final 4 hours, volume declined, with price stabilizing near the 0.2440–0.2445 range. This suggests that liquidity was concentrated near key levels, with aggressive traders likely managing risk ahead of a potential trend decision.

Fibonacci Retracements

Using the recent 0.2410–0.2462 swing, key retracement levels at 0.2441 (61.8%) and 0.2435 (78.6%) aligned closely with observed price behavior. The 61.8% level held as support in the early morning, and the 78.6% level became a pivot for consolidation in the final hours. Daily retracements from a larger 0.2390–0.2465 move highlighted key psychological levels at 0.2445 and 0.2435, both of which saw price action during the session.

Backtest Hypothesis

The backtesting strategy described involves entering a long position upon a bullish engulfing candle forming above the 20-period SMA, combined with an RSI crossing into overbought territory. A stop-loss would be placed below the recent swing low (0.2430–0.2435), with a target at the 0.2450–0.2455 resistance zone. While this pattern briefly appeared at 02:00 ET, the failure to hold above it and the bearish divergence in volume suggest this approach may be risky under current conditions. A modified strategy could consider shorting on a bearish divergence in the RSI and volume above 0.2450, with a stop above the 0.2457 level.