Market Overview for 1inch/Tether (1INCHUSDT)

Summary
• Price action formed a bearish engulfing pattern near 0.1515–0.1526.
• Volatility remained subdued, with price within Bollinger Bands 90% of the time.
• RSI signaled oversold conditions twice, failing to confirm bullish momentum.
• Volume spiked at 20:45 and 16:45 ET, aligning with price swings.
• Fibonacci retracements suggest potential support at 0.1490 and resistance at 0.1516.

24-Hour Summary

1inch/Tether (1INCHUSDT) opened at 0.1508 on 2025-12-23 12:00 ET, reached a high of 0.1527, fell to a low of 0.1474, and closed at 0.1503 on 2025-12-24 12:00 ET. Total volume was 1,395,224.7, and notional turnover amounted to approximately $212,554.

Structure & Formations

Price traced a choppy bearish path with a clear bearish engulfing pattern forming at 0.1515–0.1526, suggesting a potential short-term reversal to the downside. A doji appeared at 0.1514–0.1515, hinting at indecision. Key support levels were identified at 0.1490 and 0.1486, with resistance at 0.1506 and 0.1516.

Moving Averages and Momentum

On the 5-minute chart, the 20-period and 50-period moving averages remained in a bearish alignment, with price testing the 50SMA multiple times. The 200-period daily SMA appears to hold as a significant support at approximately 0.1495. MACD showed bearish divergence, with a weak bullish signal at 0.1490 failing to confirm a bounce. RSI entered oversold territory twice, but failed to trigger a sustained rebound, suggesting weakening bullish sentiment.

Volatility and Bollinger Bands

Volatility remained relatively subdued, with price action staying inside Bollinger Bands for the majority of the period. A notable contraction occurred around 01:45 ET, followed by a mild expansion and a test of the lower band at 0.1474. This suggests a potential consolidation phase ahead.

Volume and Turnover

Volume spiked significantly at two key points: 20:45 and 16:45 ET, coinciding with a sharp rebound to 0.1525 and a pullback to 0.1474, respectively. Notional turnover mirrored the volume pattern, showing strong conviction in price swings. However, a divergence in volume and price was noted during the afternoon, where volume failed to support a retest of 0.1506, indicating bearish pressure.

Looking ahead, price may test the 0.1490 support level, with a break below suggesting further downside to 0.1485. Conversely, a retest of 0.1506 with strong volume could signal a potential short-term rebound. Investors should remain cautious, as overbought conditions and bearish divergence remain in play.