Market Overview for 1inch/Tether (1INCHUSDT) – 2025-10-28

Generated by AI AgentTradeCipherReviewed byAInvest News Editorial Team
Tuesday, Oct 28, 2025 2:41 pm ET2min read
Aime RobotAime Summary

- 1INCH/USDT traded near 0.1847 resistance before retreating to 0.1794 support amid weak RSI momentum.

- Volume spiked during US late-night breakdowns, with price clustering near Bollinger Bands' lower band.

- Fibonacci levels at 0.1812/0.1785 provided intraday consolidation, while bearish crossovers reinforced downward bias.

- Key support at 0.1794 showed strong conviction, with 61.8% retracement (0.1788) acting as critical consolidation zone.

- Proposed backtest strategies focus on confirmed breaks below 0.1809 or above 0.1847 with volume confirmation.

• 1INCH/USDT traded in a tight range near key resistance at 0.1847 before retracting toward support at 0.1794.
• Price momentum weakened during the 24-hour period, with RSI hovering below overbought/oversold thresholds.
• Volume spiked during late-night US activity, particularly during the breakdown to 0.1794.
• Bollinger Bands showed a moderate expansion, with price action clustering near the lower band.
• Fibonacci retracement levels at 0.1812 and 0.1785 offered temporary consolidation points during intraday swings.

The 1inch/Tether (1INCHUSDT) pair opened at 0.1815 on October 27, 12:00 ET, reached an intraday high of 0.1848, and a low of 0.1764 before closing at 0.1791 on October 28, 12:00 ET. The 24-hour total volume was 1,415,848.3 tokens, with a notional turnover of approximately $258,219. The price action reflected a bearish bias from the middle of the night into the morning, with key resistance levels at 0.1847 and 0.1835 appearing to hinder upward progress.

Structure and candlestick patterns showed a bearish engulfing pattern at 0.1847–0.1836, followed by a series of lower highs and lower closes. Notable support levels were identified at 0.1809, 0.1794, and 0.1785, where the price found temporary stability. A doji appeared near 0.1815 in the afternoon, suggesting indecision among traders ahead of a decisive downward move in the late evening.

Moving averages on the 15-minute chart showed a bearish crossover, with the 20-period line dipping below the 50-period line during the early morning hours. On the daily chart, the 50-period line was above the 100- and 200-period lines, indicating a mixed trend. The RSI hovered between 40 and 50, suggesting moderate momentum with no clear overbought or oversold readings. The MACD line crossed below the signal line late at night, reinforcing a bearish sentiment.

Bollinger Bands expanded during the evening and early morning hours, with price action settling closer to the lower band, signaling a period of consolidation and low volatility. Volume and turnover were notably higher after 00:00 ET, with a significant drop in price following heavy selling pressure at 0.1794. The price and turnover appeared to align during key breakdowns, suggesting strong conviction in bearish trades.

Fibonacci retracement levels from the 0.1848–0.1764 swing identified key levels at 0.1823 (38.2%), 0.1806 (50%), and 0.1788 (61.8%). Price spent significant time near the 61.8% level during midday and early evening, indicating a strong support cluster. The 0.1809–0.1794 range also showed strong price consolidation, which could serve as a potential short-term base ahead of a possible rebound.

Backtest Hypothesis
Given the observed price behavior at key resistance and support levels, a potential backtest strategy could focus on entries at confirmed breakouts and breakdowns of these levels. For instance, a short bias may be triggered when price breaks below 0.1809 with a confirming candlestick and rising volume. Conversely, a long bias may be considered if price closes above 0.1847 with strong volume and a bullish reversal pattern. A trailing stop-loss approach could be employed to lock in gains while allowing for small retracements.