1inch/Tether (1INCHUSDT) Market Overview: 24-Hour Price Action and Key Indicators

• Price for 1INCHUSDT declined 3.8% over 24 hours, hitting a low of 0.2330 before rebounding.
• Volume surged during the Asian and European sessions, peaking at 890,139.7 on 1345 ET.
• RSI reached oversold levels early in the session, suggesting potential short-term bounce.
• Bollinger Bands expanded significantly during the 1345–1500 ET window, indicating increased volatility.
• A bullish engulfing pattern formed near 0.2370, hinting at possible near-term support.

1INCHUSDT opened at 0.2381 on 2025-09-23 at 12:00 ET, surged to a high of 0.2423, then fell to a low of 0.2330 before closing at 0.2416 at 12:00 ET on 2025-09-24. Total volume reached 890,139.7, and notional turnover exceeded $222,000. The pair showed strong volatility, with bearish pressure dominating for much of the session before a late rebound.

Structure & Formations

Price action displayed multiple short-term reversals, with a notable bearish reversal candle at 0.2395, followed by a bullish engulfing pattern at 0.2370–0.2373. A doji at 0.2365 during the 0215–0230 ET window signaled indecision, while a strong bearish engulfing at 0.2383–0.2364 reflected a key breakdown. The 0.2330–0.2335 area acted as strong support, with a potential resistance at 0.2375.

Moving Averages

The 20-period and 50-period moving averages on the 15-minute chart crossed bearishly in the early part of the session, confirming bearish momentum. By 0800–1000 ET, the 20-period MA crossed above the 50-period MA, hinting at a short-term bullish twist. On the daily chart, the 50-period MA sits at 0.2365, slightly above the 200-period MA, indicating a mildly bullish bias over the longer term.

MACD & RSI

The MACD showed bearish divergence in the early hours, but the RSI bottomed around 25, indicating an oversold condition. This suggested potential for a rebound, which materialized in the late session. The RSI crossed above 50 after 0700 ET, aligning with the upward move. MACD crossed above the signal line after 0930 ET, reinforcing the bullish case for the following 24 hours.

Bollinger Bands

Bollinger Bands expanded dramatically during the 1345–1500 ET window, signaling increased volatility and confirming the price’s move away from the upper band. After hitting the upper band at 0.2423, price retracted toward the lower band, finding support around 0.2380. The bands have since narrowed slightly, suggesting a potential pause in momentum and a possible consolidation phase.

Volume & Turnover

Trading volume spiked significantly at 1345 ET (890,139.7) and at 0415 ET (400,873.1), coinciding with price breakouts and breakdowns. Turnover mirrored volume, peaking at $222,000 at 1345 ET. A divergence between price and volume occurred during the 1015–1045 ET period, where price rose but volume dropped, signaling a weak bullish attempt.

Fibonacci Retracements

Key Fibonacci levels on the 15-minute chart aligned with significant support and resistance. The 0.2373 level corresponds with the 38.2% retracement from the 0.2423 high to the 0.2330 low. The 61.8% retracement at 0.2396 became a strong resistance area. On the daily chart, the 0.2330 low represents a key support level, with a 38.2% retracement at 0.2370 and 61.8% at 0.2390.

Backtest Hypothesis

The observed candlestick patterns—particularly the bullish engulfing at 0.2370—align well with a breakout strategy that targets Fibonacci retracement levels. A potential backtest could focus on entering long positions on a close above the 38.2% retracement at 0.2370, with a stop loss below 0.2365 and a target at the 61.8% level of 0.2396. Given the strong volume during the 0415–0545 ET period, a volatility-based trailing stop could enhance risk-adjusted returns.