Market Overview for 1inch/Tether (1INCHUSDT) on 2026-01-07

Summary
• Price declined from 0.1602 to 0.1564 on heavy volume, suggesting bearish momentum.
• Key support appears near 0.156–0.157 level with potential for further pullback.
• Overbought conditions cleared by sharp decline, now near oversold territory on RSI.
• Volatility expanded with price dropping more than 2.5% in the final 3 hours.

The 24-hour session for 1inch/Tether (1INCHUSDT) opened at 0.1602 on 2026-01-06 12:00 ET and closed at 0.1564 on 2026-01-07 12:00 ET, with a high of 0.164 and a low of 0.156. Total volume reached 697,646.1 units, and notional turnover amounted to 113,946.7 USDT.

Structure and Trending Behavior

The pair formed a sharp bearish reversal after reaching a 5-minute high of 0.1640. A key resistance appears to have developed between 0.1605–0.1610, while a critical support zone is forming near 0.156–0.157, where buying interest could resurface. A bullish engulfing pattern might form if price rebounds above 0.1605, but for now, the structure remains bearish.

Momentum and Indicators

The RSI dipped below 30, signaling oversold conditions, while the MACD crossed into negative territory, confirming bearish momentum. Volatility, as seen in the Bollinger Bands, expanded as the price broke through the lower band in the final hours.

Volume and Turnover Dynamics

Volume surged significantly during the decline to 0.1564, with a large 5-minute candle (1445–1500 ET) recording over 90,985 units traded. The notional turnover spiked in line with this volume, indicating strong conviction in the bearish move. No notable divergences were observed between price and turnover during this period.

Fibonacci Retracements

A key 5-minute swing from 0.1563 to 0.1641 saw the price retrace to 61.8% at 0.1599 and then break further down toward 0.1564. If a rebound occurs, the 38.2% retracement at 0.1608 could act as a near-term resistance.

Looking ahead, a retest of the 0.156–0.157 level could trigger a bounce or consolidation. However, given the current momentum and oversold conditions, caution is warranted as further downside cannot be ruled out. Investors should monitor for signs of a reversal above 0.1605 to regain confidence.