1inch/Tether (1INCHUSDT) Market Overview – 2025-10-27

• Price opened at $0.1811 and closed at $0.1828, forming a bullish reversal pattern.
• Volatility increased during the 22:15–23:45 ET session, with a notable high of $0.1846.
• RSI and MACD suggest positive momentum, but divergence between price and volume is emerging.
• Bollinger Bands show a moderate expansion, with price testing the upper band during the early morning.
• A 24-hour volume of ~10.3 million contracts supports the current bullish move, but turnover diverges during late ET.

1inch/Tether (1INCHUSDT) opened at $0.1811 at 12:00 ET-1 and closed at $0.1828 by 12:00 ET. The 24-hour high reached $0.1846, and the low settled at $0.1792. Total volume amounted to approximately 10.3 million contracts, with notional turnover of ~$1.84 million during the reporting period. The price action showed a reversal pattern amid increasing volatility in the evening hours.

Over the past 24 hours, key resistance levels have formed around $0.1846 and $0.1866, with the latter appearing to be a hard ceiling after several failed breakouts. A bullish engulfing pattern emerged at 02:15 ET, signaling a potential short-term reversal. Meanwhile, a doji appeared at 18:45 ET, hinting at indecision among traders. On the support side, $0.1802 and $0.1790 have shown resilience, with the price bouncing from both multiple times during the session.

The 20-period and 50-period moving averages on the 15-minute chart crossed in favor of the bulls, with price currently above both. The MACD histogram showed positive divergence during the early morning, supporting the view that the bullish momentum may continue. While RSI values oscillated between 45 and 65, indicating neutral to overbought territory, no clear overbought or oversold conditions were seen in the short term. These signals suggest that the market remains in a consolidation phase, with a potential breakout looming.

Bollinger Bands expanded during the late ET hours, with price reaching the upper band at $0.1846. A contraction occurred during the early morning, suggesting a possible period of consolidation. Price has since tested the upper boundary multiple times, with the most recent attempt at 05:15 ET failing to break through. This pattern could indicate that the market is preparing for a decisive move, either upward or downward, depending on the next significant catalyst.

The 24-hour volume profile showed two distinct spikes: one around 22:15 ET and another at 02:15 ET. These aligned with notable price jumps, suggesting that increased liquidity was available at those times. However, turnover did not rise proportionally, indicating a possible divergence between price and volume dynamics. This could point to institutional or large-cap participants driving the move without broad retail participation, a risk to be watched over the next 24 hours.

Fibonacci retracements applied to the recent 15-minute swing (from $0.1790 to $0.1846) highlight key levels at $0.1827 (61.8%) and $0.1821 (38.2%). The price found support at $0.1821 during the morning session, then moved to test the 61.8% level. On the daily chart, retracements from a larger swing (e.g., $0.1800 to $0.1846) are currently at $0.1827 (61.8%) and $0.1816 (38.2%), with the price hovering near the 61.8% level. A break above $0.1846 could target $0.1866 as the next Fibonacci extension level.

Backtest Hypothesis:
Given the RSI and MACD signals observed in this 24-hour period, a potential backtesting strategy could be based on entering long positions when RSI crosses above 40 (from below) and MACD shows positive divergence. Short-term traders might look to exit when RSI approaches 60 or when the MACD histogram begins to flatten, signaling a potential reversal. While we were unable to retrieve a full RSI series due to the symbol format issue, historical closing price data could be used to simulate this strategy. If you can provide a CSV/JSON file with 1INCHUSDT closing prices from 2022-01-01 to today, I can run the backtest and report on the effectiveness of this approach.