Market Overview for 1inch/Tether (1INCHUSDT) – 24-Hour Action on 2025-09-15

• 1INCHUSDT fell from 0.2666 to 0.2559 within 24 hours, showing strong bearish momentum.
• A large bearish candle on the 15-minute chart formed near key support, suggesting potential continuation.
• Volume surged during the downward move, confirming the bearish breakout and potential for follow-through.
• RSI and MACD both signal oversold conditions, but price remains under key moving averages.
• Bollinger Bands show a sharp volatility expansion, with price testing the lower band.

1inch/Tether (1INCHUSDT) opened at 0.2625 (12:00 ET - 1) and closed at 0.2575 (12:00 ET), with a high of 0.2666 and a low of 0.2553. The pair traded on a total volume of 1,903,690.4 and notional turnover of $503,553.3 (calculated from amount × price).

Structure & Formations

Price action over the 24-hour period revealed a key breakdown under the 0.2600 psychological level, which had previously acted as support. A large bearish candle formed at 0.2593–0.2574 (09:00–09:15 ET), signaling a possible exhaustion in buying and confirming a shift in sentiment. A bearish engulfing pattern formed near 0.2600, suggesting short-term continuation lower could be in play. A doji at 0.2604–0.2599 (08:45–09:00) hinted at a potential consolidation phase, but was quickly broken below.

Moving Averages

On the 15-minute chart, price closed below the 20-period and 50-period moving averages, reinforcing the bearish bias. On the daily chart, the 50-period MA at ~0.2625 is now a key resistance-turned-support level. The 200-period MA is at ~0.2700, which remains well above current levels, indicating a long-term bearish trend remains intact.

MACD & RSI

The MACD crossed below the signal line with bearish divergence, and the histogram is shrinking, suggesting some short-term momentum exhaustion may be near. RSI has reached 29, indicating an oversold condition, but without a corresponding pullback in price, it may suggest a continuation of the downward move. A divergence between RSI and price could signal a temporary bounce, but confirmation is needed above 0.2600.

Bollinger Bands

The Bollinger Bands have expanded significantly due to heightened volatility. Price closed near the lower band at 0.2559, suggesting a potential overreaction. A bounce from the lower band could test the 0.2600 level again, but a break below the 0.2550 level would extend the correction.

Volume & Turnover

Volume spiked during the sharp sell-off from 0.2666 to 0.2574, with the largest spike at 09:00 ET (volume: 291,080.1). Notional turnover increased in tandem, confirming the bearish breakout. However, the volume during the 0.2600–0.2574 breakdown was lower than the earlier bearish wave, suggesting possible exhaustion. Divergence between volume and price could hint at a near-term pause in the move lower.

Fibonacci Retracements

Fibonacci levels applied to the 0.2553–0.2666 swing show a 38.2% retracement at ~0.2616 and a 61.8% level at ~0.2579. Price closed near the 61.8% level, suggesting some possible support. A break below the 50% level (~0.2609) could see the pair test the 0.2553 low again.

Backtest Hypothesis

The backtesting strategy described aims to capitalize on bearish momentum following a breakdown of key support levels and confirmed by volume and momentum indicators. A long-term bearish trend is reinforced by the daily moving averages, and the 15-minute chart shows a strong short-term bias lower. Traders may consider short entries near the 0.2600 level if confirmed by a break and close below 0.2590. A stop-loss above 0.2615 and a target near 0.2550 would align with the current structure and Fibonacci levels.