1INCH/USDT Market Overview on 2025-11-07

Summary
• Price surged from $0.1783 to $0.2119 in 24 hours, a 16.6% gain.
• Volatility and volume spiked after 21:00 ET on Nov 6, with a peak at $0.214.
• MACD and RSI suggest strong momentum, but overbought conditions may trigger pullbacks.

The 1INCH/Tether pair (1INCHUSDT) opened at $0.1783 on 2025-11-06 at 12:00 ET and surged to a 24-hour high of $0.2119 before closing at $0.2054 at 12:00 ET. The price action reflects a sharp upward move, with a 24-hour low of $0.1762 and total volume of 28,627,187.5 tokens traded. Notional turnover was approximately $6,036,000, reflecting strong liquidity and investor interest.

Key support levels appear to have formed around $0.190–0.195, which the price retested multiple times during the 24-hour window. A notable bullish engulfing pattern emerged on the 15-minute chart at 20:15 ET on Nov 6, where price surged from $0.1842 to $0.1860 on strong volume, signaling a shift in short-term sentiment. The 50-period and 20-period moving averages on the 15-minute chart are both sloping upward, reinforcing the bullish trend.

The MACD line (12,26,9) crossed above the signal line, confirming bullish momentum, while the RSI remains above 55, indicating sustained buying pressure. However, the RSI’s proximity to overbought territory (above 65) suggests that a retracement could be imminent. Bollinger Bands show a wide band expansion after 20:30 ET, reflecting heightened volatility, with price consistently trading near the upper band, which may indicate a continuation of the trend or a near-term reversal.

Fibonacci retracement levels applied to the key 15-minute swing from $0.1762 to $0.2119 show that price tested 61.8% ($0.197) and 50% ($0.194) levels, with a temporary bounce from the 50% level before breaking out. Divergence between rising prices and slightly declining volume in the late hours suggests a potential consolidation phase. Investors may watch for a pullback to the 38.2% level ($0.192) as a potential entry or continuation signal.

Looking ahead, the pair appears to have strong directional bias to the upside, but overbought conditions and waning volume could prompt a pullback in the short term. Position holders should monitor key Fibonacci levels and RSI divergence for potential trend exhaustion.

The backtest of the bullish engulfing pattern strategy on 1INCH/USDT has shown promising results, with a 23% simulated gain from 2022 to the present using a $10,000 initial investment. The strategy relies on identifying a bullish engulfing candle and entering a buy at the close or slightly above. This aligns with today’s price action, where a strong engulfing pattern at $0.1842–0.1860 could serve as a potential entry. With an average return per trade of 1.15%, the strategy demonstrates consistency, but it is important to note the inherent volatility and risks associated with crypto trading. The backtest also accounted for 0.1% commission and 0.5% spread, which were found to be negligible in the overall performance.