1INCH/USDT Market Overview: Volatility and Mixed Momentum in 24-Hour Candlestick Action

Summary
• Price dipped from 0.2149 to 0.1987, ending at 0.1991 amid bearish pressure.
• Volume surged to 119,579.4k, but turnover failed to confirm strength due to declining prices.
• RSI hit oversold territory, suggesting potential near-term reversal, but trend remains unresolved.

The 1inch/Tether (1INCHUSDT) pair opened at 0.209 on 2025-11-07 12:00 ET, reached a high of 0.2169, fell to a low of 0.1958, and closed at 0.1991 at 12:00 ET on 2025-11-08. Total volume for the 24-hour period was 119,579.4k, with notional turnover amounting to 24,816.77 (calculated by summing amount * price).

Price action displayed a bearish bias during the overnight hours, with a sharp decline from 0.2169 to 0.1987 after 23:00 ET, forming several bearish continuation patterns such as dark cloud cover and bearish harami. A key support level appears to be forming near 0.201–0.203, where price has bounced multiple times since the late morning. On the 15-minute chart, the 20-period moving average crossed below the 50-period line, reinforcing bearish momentum. The 50-period daily MA currently sits above the recent price action, signaling a potential continuation of the downward trend.

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Relative strength index (RSI) dipped into oversold territory below 30 in the early hours of 2025-11-08, indicating potential for a rebound. However, the failure of price to close above the 0.2149 level, which acted as a recent pivot resistance, weakens the case for a strong reversal. MACD showed a bearish crossover with the signal line, and the histogram remained negative throughout the 24-hour period, suggesting continued bearish pressure. Volatility expanded during the overnight hours, with price breaking through lower Bollinger Band levels on multiple occasions, especially after 00:30 ET when a sharp drop occurred.

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Fibonacci retracements drawn from the 0.209 to 0.2169 swing suggest that the 0.2103 (38.2%) and 0.2077 (61.8%) levels acted as resistance-turned-support during the sell-off. These levels were briefly tested multiple times, but price failed to hold above them. The 0.208–0.210 range appears to be a critical zone for near-term sentiment, and a sustained close above it could indicate the start of a short-term corrective phase.

Backtest Hypothesis
The attempted retrieval of Morning-Star candlestick signals for 1INCHUSDT encountered a data-source error, likely due to query format or asset availability issues. To proceed, I propose refining the query to match the provider’s exact syntax for pattern recognition. Alternatively, we can manually input known Morning-Star dates or switch to calculating signals directly from the OHLC data. A 3-day-hold backtest using these signals would be feasible once resolved, with the goal of assessing the accuracy of short-term reversal triggers within the current volatile environment.

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