Market Overview for 1inch/Tether (1INCHUSDT)

Summary
• Price surged 1.6% in 24 hours, breaking above 0.1570 after forming a bullish engulfing pattern at key resistance.
• RSI entered overbought territory near 70, suggesting near-term consolidation could be ahead.
• Volatility expanded, with price reaching 0.1605, widening Bollinger Bands by 15% from the 20-period average.
• Turnover spiked 3.4x during the late ET rally, aligning with price strength but not yet confirming breakout durability.
• Fibonacci 61.8% level at 0.1573 was tested and broken, suggesting near-term bullish potential if support holds.

1inch/Tether (1INCHUSDT) opened at 0.1556 on 2026-01-03 12:00 ET, hit a high of 0.1605, a low of 0.1554, and closed at 0.1605 on 2026-01-04 12:00 ET. The pair saw a 24-hour trading volume of 1,821,161.1 and turnover of 289,201.06 USDT.

Structure & Momentum

Price action on the 5-minute chart showed a clear bullish reversal pattern, with a large bullish engulfing formation at 0.1570. This coincided with a breakout above prior resistance, now acting as support. The RSI climbed to overbought levels (~70), signaling potential short-term exhaustion or consolidation. On the 20-period Bollinger Bands, volatility expanded significantly, with price reaching the upper band multiple times, suggesting heightened market participation.

Trend and Moving Averages

The 20-period and 50-period moving averages on the 5-minute chart were both bullish, with price holding above both. This supports a continuation of the short-term uptrend. On the daily chart, the 50-period MA is approaching the 200-period MA from above, suggesting a potential long-term bullish crossover may occur soon.

Volume and Turnover Dynamics

Volume and turnover spiked during the late ET rally, particularly between 00:00 ET and 04:00 ET, when price surged to 0.1605. The alignment of rising price and high volume supports the validity of the breakout. However, divergence between volume and price could emerge if the rally stalls, warranting close monitoring.

Key Levels and Future Outlook

Immediate resistance is at 0.1605 (prior high), while key support lies at 0.1573 (Fibonacci 61.8% retracement). The 0.1592 level could serve as a pivot point for near-term direction. If buyers maintain control above 0.1573, a test of 0.1615 could follow. Conversely, a breakdown below 0.1570 would invalidate the recent bullish bias and could see price retest 0.1554. Investors should remain cautious, as overbought conditions and late-ET volatility spikes may precede a pullback.