Market Overview: 1inch/Tether (1INCHUSDT) 24-Hour Analysis

• Price surged 3.6% amid a 24-hour bullish reversal on 1INCHUSDT.
• RSI climbed above 50 while MACD crossed into positive territory, suggesting renewed momentum.
• Volume spiked by 24% in the final 6 hours of the period, confirming the breakout.
• Price action found initial support at 0.2302 and tested key resistance at 0.2360.
• Bollinger Bands expanded during late ET hours, signaling rising volatility.

The 1inch/Tether (1INCHUSDT) pair opened at 0.2321 on 2025-09-22 at 12:00 ET and reached a high of 0.2361 before closing at 0.2342 on 2025-09-23 at 12:00 ET. The 24-hour session witnessed a total volume of 1,622,404.3 tokens traded and a notional turnover of approximately $386,912.60, showing increased market engagement during the final hours.

Structure & Formations

Price action on the 15-minute chart revealed a bullish reversal pattern around 0.2315 as the market absorbed bearish pressure and surged higher. A key support level formed at 0.2302 after multiple touchpoints, while resistance became apparent near 0.2360. A bullish engulfing pattern was observed during the early hours of 0.23-0.24 ET, confirming a shift in sentiment.

Moving Averages

On the 15-minute chart, price action remained above both the 20-period and 50-period moving averages, indicating a bullish bias. The 50-period line crossed above the 20-period line earlier in the session, forming a golden cross. On the daily chart, price stayed well above the 50, 100, and 200-period MAs, reinforcing a longer-term bullish trend.

MACD & RSI

The MACD crossed into positive territory with a strong histogram showing increasing momentum in the late hours of the session. The RSI reached 58 by the end of the period, suggesting moderate bullish momentum but not yet overbought. There were no extreme readings to signal exhaustion, so the uptrend appears to be in good health.

Bollinger Bands

Bollinger Bands expanded significantly during the final six hours of the period, coinciding with the breakout above 0.2340. Price remained near the upper band for most of this time, indicating strong volatility and bullish pressure. A contraction in bandwidth occurred early in the session, followed by a breakout, which is a classic sign of a potential reversal or continuation.

Volume & Turnover

Volume surged by over 24% in the last six hours, coinciding with the breakout above key resistance. This increase in volume validated the upward move, suggesting strong buyer participation. Notional turnover rose in line with price, showing no divergence between price and volume, which is a positive sign for continuation.

Fibonacci Retracements

Applying Fibonacci levels to the 0.2302–0.2361 swing revealed critical retracement levels at 0.2337 (38.2%) and 0.2347 (61.8%). Price held above the 38.2% level and tested 61.8% on several occasions without breaking it. This suggests traders may target the 0.2347 level as the next key resistance.

Backtest Hypothesis

A potential backtesting strategy could focus on entering long positions when the 15-minute RSI crosses above 40 and the 20-period MA crosses above the 50-period MA. Exits would occur when either indicator reverses or the price falls below the 0.2340 level. Given the recent momentum and volume confirmation, this setup appears to have a higher probability of success in the next 24 hours. However, a stop-loss near 0.2302 is warranted to manage downside risk.