Summary
• Price tested key support near $0.1455–0.1457, finding temporary stability.
• Volatility expanded in the morning, with volume surging near 74k at 0845 ET.
• RSI hovered neutral, but closing near 50 suggests potential consolidation.
• Bollinger Bands showed narrowing followed by breakout toward 0.1478 by midday.
• Final 5-hour period saw 5.4k average volume, confirming trend continuity.
At 12:00 ET, 1inch/Tether (1INCHUSDT) opened at $0.1460, peaked at $0.1481, and closed at $0.1468 after touching a low of $0.1454. Total volume was 731,264.1, with notional turnover at $104,511.55 over the 24-hour window.
Structure and Candlestick Patterns
Price action formed a bullish pennant from 05:00 to 10:00 ET as buying interest emerged after a test of the $0.1455–0.1457 support zone. A bullish engulfing pattern emerged at 10:15 ET, confirming the reversal. A doji at 03:15 ET and 16:45 ET suggested indecision, aligning with key support and resistance levels.
Trend and Moving Averages
Short-term (20/50) moving averages on the 5-min chart crossed bullish in the morning, reinforcing the upward move. On the daily chart, 50-period MA sits above the 100 and 200-period lines, suggesting a sideways-to-bullish trend is in place.
Momentum and Volatility
RSI fluctuated between 40 and 60, suggesting no extreme overbought or oversold conditions. MACD remained positive but with narrowing divergence, hinting at a possible slowdown in bullish momentum. Volatility expanded as price moved above Bollinger Bands at 10:00 ET and closed near the upper band by midday.
Volume and Turnover Analysis
The highest volume spike occurred at 08:45 ET (74,222.4 units) as price pushed up to $0.1464. Turnover and price action aligned in the 10:00–11:45 ET period, validating the upward thrust. A divergence appeared in the final 2 hours as volume dropped despite a minor price increase, signaling caution.
Fibonacci Retracement Levels
From the low at $0.1454 to the high at $0.1481, 38.2% and 61.8% retracements fell at $0.1465 and $0.1473 respectively. Price closed just below the 61.8% level at $0.1473, suggesting further tests could occur if buyers hold at 0.1471–0.1472.
The immediate outlook appears to favor a continuation into the 0.1475–0.1478 range, but a close below $0.1463 could trigger a test of the 0.1455 support level. Investors should monitor volume and RSI levels for signs of weakening momentum.
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