Rapid 1INCH Price Drop Signals Short-Term Bearish Momentum

I observe that #1INCHUSDT experienced a notable decline, with a decrease of 2.76% in a very short timeframe of approximately 36 seconds. The price dropped from ₮0.2821 to ₮0.2743, reflecting a swift bearish movement. The trading volume over the last 3 minutes was 1.62 million, while the 24-hour volume is significantly higher at 15.3 million, indicating active trading but recent downward pressure. This rapid decline could be driven by short-term trading dynamics, possibly triggered by larger market sentiment shifts or news catalysts affecting DeFi tokens like 1INCH. The substantial volume during this brief period suggests strong seller activity, which might lead to further downside if selling pressure persists. As a decentralized exchange aggregator and DeFi project, 1INCH's current price movement warrants caution among traders and investors. It is essential to consider broader market trends or upcoming catalyst events that could influence recovery or further decline for 1INCH in the short term. Monitoring support levels around ₮0.2743 and the overall DeFi market sentiment can provide more insights into potential future movements. The recent sharp drop underscores the importance of risk management during volatile periods in the crypto space.