Market Overview for 1inch/Tether (1INCHUSDT) – September 17, 2025

• Price tested key resistance near $0.259–0.2595 before consolidating.
• Volatility surged during the early ET session, with volume spiking over $237k at 19:15 ET.
• RSI hovered around neutral territory, suggesting indecision rather than overbought/oversold conditions.
• Bollinger Bands showed a moderate expansion, indicating rising short-term uncertainty.
• Turnover and price action aligned during the afternoon, suggesting directional consensus before a pullback.

The 1inch/Tether (1INCHUSDT) pair opened at $0.2565 (12:00 ET – 1), reached a high of $0.2608, touched a low of $0.2547, and closed at $0.2548 (12:00 ET). Total volume over 24 hours stood at ~11.5 million 1INCH, with a notional turnover of approximately $2.95 million.

Structure & Formations

Price action formed a bearish reversal pattern near the $0.259–0.2595 zone, characterized by a bullish breakout attempt followed by a rejection and consolidation. A notable bearish engulfing pattern appeared at 19:45 ET, confirming downward momentum. A doji at 03:30 ET highlighted indecision during the overnight session. Short-term support levels formed around $0.2565 and $0.255–0.2555, with key resistance at $0.258 and $0.259.

Moving Averages

On the 15-minute chart, price closed below the 20SMA and 50SMA, indicating a bearish bias in the short term. On the daily chart, the 50DMA sits around $0.2575 and the 200DMA at ~$0.2595, placing current price in a bearish crossover structure. This suggests downward momentum is likely to continue if support levels are tested.

MACD & RSI

The MACD line remained negative throughout the session, confirming bearish momentum, while the signal line crossed below it, reinforcing the bearish case. RSI fluctuated between 40 and 55, avoiding overbought or oversold extremes, and signaling a market in transition. A slight bearish divergence appeared in the second half of the session as price dipped lower while RSI failed to make a new low.

Bollinger Bands

Bollinger Bands expanded significantly during the early ET hours due to increased volatility, with price testing the upper band before retracting. A contraction occurred in the overnight hours, suggesting a potential for a breakout or breakdown. At close, price was positioned near the lower band, indicating oversold potential at the end of the session.

Volume & Turnover

Volume spiked significantly at 19:15 ET, reaching 237k 1INCH, coinciding with a sharp decline to $0.2574. A smaller but significant spike occurred at 05:15 ET, with a large volume of ~355k 1INCH traded during a rebound to $0.2566. Notional turnover followed a similar pattern, with the largest spike aligning with the price breakdown. Price and turnover action remained in sync, indicating strong conviction in price direction during key moves.

Fibonacci Retracements

Applying Fibonacci to the key 15-minute swing from $0.2562 to $0.2608, the 38.2% retracement level at ~$0.2589 and the 61.8% at ~$0.2574 were both tested during the session. The 50DMA aligned with the 61.8% retracement level, suggesting a possible support area. On the daily chart, the recent pullback from $0.2608 to $0.2548 found support near the 61.8% retracement at ~$0.2565, which could be retested.

Backtest Hypothesis

A potential backtesting strategy could focus on entries near the 61.8% Fibonacci level on the daily chart combined with a bearish divergence in RSI and a bearish crossover in the 20SMA and 50SMA on the 15-minute chart. Long-term traders may look to short near $0.2565 on a breakdown, with a stop above $0.2574, and a target at $0.2545. The strategy should be tested using a range of timeframes and volatility filters to confirm robustness across different market conditions.