• Price dipped to a 24-hour low of $0.2372 before rebounding with strong volume.• Momentum turned bullish after 04:45 ET with a decisive break above $0.246.•
Band contraction signaled a potential breakout, confirmed post 05:00 ET.• On-balance volume surged during the $0.243–$0.252 range, aligning with price consolidation.
1inch (1INCHUSDT) opened at $0.2487 on August 18 at 12:00 ET, touched a low of $0.2372 and a high of $0.2551 before closing at $0.2452 on the same time on August 19. Total 24-hour volume reached ~19.9 million tokens, with a notional turnover of ~$5.37 million.
Structure & Formations
1INCHUSDT carved a broad U-shaped base from $0.2372 to $0.2551, with key support at $0.244 and resistance at $0.252. A bullish engulfing pattern formed at 09:45 ET after a deep pullback to $0.2447, signaling potential follow-through. A bearish harami appeared at 16:00 ET, hinting at possible consolidation ahead.
Moving Averages
On the 15-minute chart, price retested the 50-period moving average (around $0.246) twice, failing to close below it both times, which supports a short-term bullish bias. On the daily chart, the 200-period MA remains around $0.232–$0.236, indicating a longer-term base is intact.
MACD & RSI
The MACD crossed above the signal line just after 05:00 ET, confirming a bullish shift in momentum. RSI rose into overbought territory (~68–70) by 08:30 ET, suggesting a possible pullback. However, volume surged on the rebound, indicating strong buying interest.
Bollinger Bands
Volatility expanded as price moved between $0.2372 and $0.2551, with a temporary contraction observed around 04:30–04:45 ET. Price closed near the upper band during the final push to $0.2551, suggesting a possible continuation of the bullish trend.
Volume & Turnover
Volume spiked to ~5.6 million tokens during the 09:45–10:00 ET rally, confirming the breakout from the consolidation pattern. Turnover aligned with price action, showing no divergence. A volume spike to ~1.7 million tokens at 05:45 ET coincided with the first leg of the breakout.
Fibonacci Retracements
On the 15-minute chart, price tested the 38.2% and 61.8% retracement levels of the $0.2372–$0.2551 move at $0.246 and $0.244, respectively. The 61.8% level held as support, indicating potential for a retest of the $0.250–$0.252 zone.
Over the next 24 hours, 1INCHUSDT may test the $0.252–$0.254 resistance cluster with a potential for a short-term reversal if volume fails to confirm. Investors should monitor the $0.244–$0.246 support zone for signs of a deeper pullback.
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