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Summary
• Price declined from 0.148 to 0.1435, forming bearish engulfing patterns in the early morning hours.
• Volume spiked during the sell-off but turnover lagged, suggesting some divergence in conviction.
• RSI moved into oversold territory near 25, while MACD turned negative, hinting at bearish momentum.
• Bollinger Bands widened during the move down, indicating heightened volatility.
• A key support level appears to be forming near 0.1431-0.1436, with a 38.2% Fibonacci retracement coinciding closely.
The 24-hour period for 1inch/Tether (1INCHUSDT) opened at 0.148 on December 28 at 17:00 ET and closed at 0.1435 on December 29 at 12:00 ET. The pair hit a high of 0.1506 and a low of 0.1422, with a total volume of 2,407,845 and a notional turnover of 347,222.8.

The market appears to be testing a key support cluster around 0.1431–0.1436 and could consolidate near that area for the next 24 hours. A break below this level may target 0.1420, while a rebound could test the 0.1451 level. Investors should remain cautious of potential divergence in momentum indicators and watch for volume confirmation on any reversal attempt.
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