The "Shock" News: Binance Infrastructure Change

Today's primary market mover is the announcement that Binance will cease support for 1INCH via the BNB Smart Chain (BEP-20) starting January 22, 2026.

The Impact: While 1INCH is not being delisted, the removal of deposit/withdrawal support on one of its most popular retail chains has sparked localized panic selling.

Effect on Volume: 24h trading volume has surged by 57% to roughly $28M, indicating a high-volume exit from BEP-20 positions into other chains (like Ethereum or Arbitrum).

Candlestick Observations:

The "Liquidity Wick": Today's candle shows a long upper shadow, reaching $0.1616 before being rejected sharply. This suggests sellers are using any minor bounce to exit.

Moving Averages: The price is currently pinned below the 50-day SMA ($0.156). For a bullish reversal, we need a daily close above $0.157 to reclaim momentum.

Bullish Divergence? While the price is dropping, the MACD histogram is showing a slight flattening, suggesting that the "sell-off" might be reaching exhaustion near the $0.145 support zone.​Summary for Investors

​The trend is Bearish in the short term due to the Binance/BEP-20 transition, but Oversold on technical indicators. Watch the $0.144 level closely; if it holds, this could be a "bear trap" before a recovery.

​Would you like me to set a price alert for the $0.144 support level or analyze the 1INCH/ETH pair for better cross-chain clarity?