1inch/Tether Market Overview: Volatility and Momentum in a 24-Hour Window

Summary
• 1INCHUSDT opened at $0.1546 and closed at $0.1812 with a high of $0.2144 and a low of $0.1731.
• Strong upward momentum observed mid-cycle, followed by consolidation and a pullback.
• Volatility surged during the early hours of 2025-11-06 before stabilizing.
• Volume reached a peak of 14.5M units at 03:15 ET, aligning with price highs.
• Key resistance at $0.2024 and support at $0.1731 identified through candle action.

Opening at $0.1546 and closing at $0.1812, 1inch/Tether (1INCHUSDT) swung significantly within a 24-hour window, reaching a high of $0.2144 and a low of $0.1731. Total volume over the period was 134.9M units, with a notional turnover of $25.6M. The price structure shows a distinct bearish engulfing pattern in the early hours of 2025-11-06, followed by a strong bull move and a pullback, suggesting a volatile and contested session.

Structure & Formations

The candlestick pattern development was particularly notable between 20:30 ET and 03:15 ET, with a bullish engulfing pattern emerging from the 0.1794–0.1804 range. This was followed by a strong white candle at 03:15 ET, reaching an intrabar high of $0.2144. Key resistance appears to be forming at $0.2024 and $0.2144, while support lines emerge at $0.1824, $0.1794, and $0.1731. A bearish doji appears at $0.1911–0.1911 at 00:15 ET, indicating indecision.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed around $0.1790–0.1800, indicating a shift in short-term momentum. The 50-period line is currently sitting at $0.1810, slightly below the latest close. On the daily chart, the 50-period MA is at $0.1750 and the 100-period at $0.1720, suggesting the pair may have some catching up to do with the broader trend.

MACD & RSI

The MACD (12,26,9) turned bearish after a strong positive divergence around 03:15 ET. The RSI reached overbought levels during the same period, peaking at ~78, indicating short-term exhaustion. The indicator has since retracted into neutral territory. Divergence between price and RSI in the early morning hours suggests a potential reversal, although momentum remains mixed.

Bollinger Bands

Volatility reached a 24-hour peak during the 03:15–03:30 ET period, pushing the price close to the upper band. This suggests a period of heightened activity and possible breakout or reversal. The bands have since contracted slightly, indicating a temporary pause in directional movement.

Volume & Turnover saw a peak at 14.5M units around 03:15 ET, coinciding with the high of $0.2144. The notional turnover for this candle was $2.62M. Divergence between volume and price was observed later in the session, with volume tapering off despite continued sideways price action. This suggests a lack of conviction in the new price level and possible near-term correction.

Fibonacci retracements on the 0.1731–0.2144 swing place key levels at 61.8% ($0.1890) and 38.2% ($0.1965), both of which the price tested during the consolidation phase. These levels appear to be acting as soft barriers for near-term direction.

Backtest Hypothesis

To effectively test the "RSI Overbought" strategy on 1INCHUSDT or similar crypto pairs, the following parameters are suggested:

1. Ticker Universe: Analyze 1INCHUSDT as a single symbol for a focused study.
2. RSI Settings & Signal Definition: Use the standard RSI(14) and define overbought as "RSI crosses above 70." This method captures the initial entry point rather than a sustained condition.
3. Back-test Logic: Hold the position for N days (e.g., 5 days) after the overbought signal and measure the return. Alternatively, simulate a short trade with a defined exit at RSI < 50 or a 5% stop-loss.
4. Price Type: Use the daily close price for the RSI calculation unless otherwise specified.

This back-test could reveal whether the overbought condition consistently predicts short-term reversals or pullbacks in this volatile pair, providing actionable insights for short-term trading strategies.