Market Overview for 1inch/Tether (1INCHUSDT) - September 22, 2025

• 1INCHUSDT closed lower after a volatile 24-hour session, hitting a low of 0.2248.
• Volume surged near 2.4 million at the 6:15 AM ET timeframe, coinciding with a sharp sell-off.
• RSI and MACD both signaled weakening momentum, with prices hovering near key Fibonacci support levels.
• Bollinger Bands widened significantly during the overnight session, indicating heightened volatility.
• On-chain data showed no clear divergence between price and volume, suggesting continuation of the current trend.

The 1inch/Tether (1INCHUSDT) pair opened at 0.2551 on September 21 at 12:00 ET and closed at 0.2312 by the same time on September 22, recording a 24-hour low of 0.2248 and a high of 0.2563. Total trading volume reached 4,490,547.8, while notional turnover amounted to $1,084,870. The pair exhibited a bearish bias, with extended selling pressure emerging in the early hours of September 22.

Structure & Formations

The price action displayed a strong bearish bias during the overnight session, particularly between 6:15 AM and 6:45 AM ET, where a series of bearish engulfing patterns signaled renewed selling momentum. A significant support level appears to be forming near 0.2305–0.2315, with the 0.2321–0.2328 range acting as a potential short-term resistance. A long lower shadow in the 6:30 AM ET candle at 0.2308 may suggest temporary buying interest but failed to reverse the trend.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed below key price levels during the sharp decline, reinforcing the bearish momentum. On the daily chart, the 50-day and 100-day moving averages both remain above the current price, indicating that the pair is in a medium-term downtrend. The 200-day moving average, while distant, further confirms the bearish bias.

MACD & RSI

The MACD line turned sharply downward during the 6:15 AM ET timeframe, coinciding with the largest volume spike of the session and a steep price drop to 0.2341. RSI dipped into oversold territory at 0.2305 (RSI ~28) at 6:15 AM, but failed to bounce back above the 40 threshold. This suggests that bearish momentum is still intact, and a rebound may face resistance around the 0.2328 level before meaningful bullish signals emerge.

Bollinger Bands

Bollinger Bands expanded significantly during the overnight session, with the price dropping below the lower band around 6:15 AM ET. This volatility expansion typically precedes either a reversion or a continuation. Given the continued bearish momentum, a continuation scenario appears more likely, with the next potential support level forming at the lower band (0.228–0.230). The upper band at 0.240–0.242 could act as a potential short-term resistance if a retracement occurs.

Volume & Turnover

Volume and turnover surged during the early morning hours, especially between 6:15 AM and 6:30 AM ET, when the price dropped from 0.24 to below 0.2350. This volume spike aligns with the bearish price move and confirms the strength of the sell-off. No significant price-volume divergence was observed during the session, suggesting that the move is being driven by genuine selling pressure rather than a short-term exhaustion of bears.

Fibonacci Retracements

Key Fibonacci retracement levels were defined from the high of 0.2563 to the low of 0.2248. The 38.2% retracement level sits at ~0.244, while the 61.8% level is at ~0.235. The current price is trading slightly above the 61.8% level, suggesting that this is a critical support zone. A break below 0.2305 would extend the move toward the 78.6% retracement at ~0.227, which could trigger further selling.

Backtest Hypothesis

A potential backtesting strategy for 1INCHUSDT might leverage the observed bearish engulfing patterns and oversold RSI readings as entry triggers. For instance, a sell signal could be generated when a bearish engulfing candle forms on the 15-minute chart, confirmed by a closing price below the previous candle's open and a corresponding RSI reading below 30. A stop-loss could be placed just above the high of the engulfing pattern, while the take-profit target could be aligned with the 61.8% or 78.6% Fibonacci levels. Historical data from this 24-hour window suggests that this strategy might have yielded favorable risk-to-reward ratios during the sharp sell-off periods.