Market Overview for 1inch/Tether (1INCHUSDT) – October 3, 2025

• 1INCHUSDT drifted lower in a volatile 24-hour window, closing near a key Fibonacci level.
• Volume increased during a late-night rally but diverged from price near the 24-hour high.
• A bullish engulfing pattern emerged briefly, but failed to confirm a reversal.
• RSI remained in balanced territory, suggesting no immediate overbought/oversold extremes.
• Bollinger Bands showed moderate contraction, pointing to potential near-term volatility.

The 1inch/Tether (1INCHUSDT) pair opened at 0.263 on October 2 at 12:00 ET and closed at 0.2662 the following day, with a 24-hour high of 0.269 and a low of 0.2612. Total traded volume reached 2,597,648.8, while notional turnover hit approximately 658,321.5 USD. Price action showed a volatile but generally upward bias, with late-night volume surges aligning with higher highs.

Structure & Formations

Price action displayed a bullish bias during the night session, with a notable bullish engulfing pattern forming around 03:30 ET. However, this failed to sustain momentum as price pulled back shortly after. Key support was identified near 0.263–0.264, with resistance forming at 0.267–0.268. A doji emerged near 03:45 ET, suggesting indecision amid the upward move.

Moving Averages

On the 15-minute chart, the 20-period MA crossed above the 50-period MA during the late-night rally, signaling potential short-term strength. However, the 50-period MA remained bearish relative to the 200-period MA on the daily chart, suggesting a broader bearish trend. The 50/100/200 MA structure on the daily timeframe showed price trading below all three, reinforcing the bearish bias.

MACD & RSI

MACD showed a bullish crossover during the 03:00–04:00 ET period, coinciding with a volume-driven rally. However, the histogram quickly contracted as price stalled. RSI remained in the mid-range (55–60), indicating balanced momentum and no immediate overbought or oversold conditions. A potential bearish divergence formed late in the session as volume waned.

Bollinger Bands

Bollinger Bands showed a moderate contraction during the early morning hours, followed by a reversion to the upper band during the 03:00–04:30 ET rally. Price tested the upper band at 0.2685 before rolling back toward the middle band. This suggests increasing volatility and a possible overextended rally.

Volume & Turnover

Volume spiked during the late-night hours, with the 03:00–04:30 ET timeframe seeing the highest activity (over 500,000 volume). However, this did not lead to a sustainable breakout, indicating possible profit-taking or indecision. Turnover peaked during the same period but failed to confirm a breakout above 0.269. A divergence between volume and price emerged as the rally stalled.

Fibonacci Retracements

On the 15-minute chart, the 0.267–0.268 range corresponds to the 61.8% Fibonacci retracement level of the previous downward swing. Price paused near this area before retracting, suggesting it may serve as a short-term resistance. On the daily chart, the 61.8% retracement of the 0.269–0.2612 range is around 0.265, which appears to be a key support/resistance zone for the next 24 hours.

Backtest Hypothesis

The proposed backtesting strategy involves a breakout and divergence-based approach. Specifically, it suggests taking a long position when price breaks above the upper Bollinger Band on the 15-minute chart, confirmed by a bullish divergence in RSI and a 20/50 MA crossover. A short position is triggered on a bearish divergence in RSI and a 20/50 MA cross below, with price breaking below the lower Bollinger Band. This week’s data shows mixed signals—while the 03:00–04:30 ET rally fits the long setup, the subsequent pullback and RSI divergence suggest the short side might have been triggered had it been in place. The strategy appears to be more viable in a high-volatility environment, as seen this week, but may require tight stop-loss parameters to manage risk.