1INCHUSDT Market Overview: Bullish Reversal and Key Resistance Levels Emerge

• Price action shows a bullish reversal pattern forming after a sharp decline.
• Volatility expanded in the early hours, indicating heightened market interest.
• RSI suggests oversold conditions, hinting at potential short-term recovery.
• Volume surged during the key 6-hour window, confirming price consolidation.
• Bollinger Bands show contraction in the afternoon, hinting at a potential breakout.

1INCHUSDT opened at $0.244 on 2025-09-05 12:00 ET, reached a high of $0.2457, and a low of $0.241, closing at $0.2434 at 12:00 ET on 2025-09-06. Total 24-hour volume was 1,554,889.1 and turnover amounted to $384,678.89 (amount × price).

Structure & Formations

The candlestick pattern over the last 24 hours suggests a potential bullish reversal. After a sharp decline from $0.2457 to a low of $0.241, price has begun to consolidate above key support at $0.2435. A bullish engulfing pattern emerged during the 09:00–10:00 ET window, with a strong close at $0.2436. This pattern could signal a short-term reversal, especially if $0.2445 is cleared. A bearish doji formed at $0.2443, indicating hesitation at the upper boundary of a consolidating range. Key support levels appear at $0.2422, $0.2435, and $0.243, with a critical resistance at $0.2445. A break above this resistance could trigger further upside.

Moving Averages and MACD

Short-term moving averages on the 15-minute chart show a bullish crossover. The 20-period MA crossed above the 50-period MA during the 20:00–21:00 ET window, forming a golden cross. This confirms the short-term uptrend. The 50-period MA is currently at $0.2439, and the 100-period MA is slightly below at $0.2436. MACD remains bullish, with the line above the signal line and positive divergence observed in the final hours of the day. A bullish divergence in the MACD histogram suggests potential for a short-term rally.

RSI, Bollinger Bands, and Volume

Relative Strength Index (RSI) reached oversold territory at 29.5, indicating potential for a short-term rebound. However, the RSI is not confirming a strong bearish trend, as it has rebounded above 50, suggesting renewed buyer interest. Bollinger Bands contracted between 18:00 and 19:00 ET, followed by a breakout. Price is currently trading at the upper band, indicating heightened volatility and possible overbought conditions.

Volume has been mixed. A sharp increase in volume occurred during the 20:00–21:00 ET window, aligning with the bullish breakout and confirming the price action. However, volume dipped after 04:00 ET despite a slight rally in price, indicating some divergence. This divergence may signal a potential pullback.

Fibonacci Retracements

Applying Fibonacci retracements to the recent 15-minute swing low of $0.241 and high of $0.2457, the key retracement levels are $0.2437 (38.2%) and $0.2449 (61.8%). Price is currently consolidating near the 38.2% level, suggesting potential for a test of the 61.8% level if the bullish trend continues. On the daily chart, the 38.2% retracement level is at $0.2445, a critical resistance level. A move above this level could trigger further gains.

Backtest Hypothesis

The observed bullish engulfing pattern and golden cross suggest a potential short-term reversal strategy. A buy signal could be triggered upon a confirmed close above $0.2445, with a stop-loss at $0.2435 and a target at $0.2460. A backtesting strategy could incorporate this pattern with additional confirmation from the RSI and MACD. A bullish divergence in the MACD and a rebound in RSI from oversold territory would serve as entry triggers. A stop-loss below $0.2435 would help manage risk, while the target at $0.2460 reflects the 61.8% Fibonacci retracement level and could indicate the next key resistance level for price.