API3/Tether Market Overview (2025-09-14)

• API3USDT opens at $1.0154 and closes at $1.0017 after a 24-hour low of $0.9874 and high of $1.0309.
• Momentum shifted from bearish to mixed, with RSI fluctuating in mid-range and MACD signaling potential consolidation.
• Volatility expanded sharply overnight, with volume peaking at 138,455.85 and a 2.5% drop in price during the session.
• A bullish engulfing pattern emerged after the 0.9874 low, but it was followed by a bearish rejection into Bollinger Band support.
• Notable divergence appears between price and turnover in the early hours of 09/14, suggesting mixed sentiment.

API3USDT opened at $1.0154 on 2025-09-13 12:00 ET and closed at $1.0017 on 2025-09-14 12:00 ET, registering a 1.35% decline over the 24-hour period. The pair reached a high of $1.0309 and a low of $0.9874 during the session, with total volume hitting 1,587,669.08 and total turnover of $1,604,208.33.

Structure & Formations

The price action revealed a bearish breakdown from a key resistance level at $1.0164 into support at $0.9957 and further to $0.9874. A bullish engulfing pattern formed at the $0.9874 low, suggesting a short-term buying interest. However, a bearish rejection followed soon after, confirming pressure to test the $0.9916 level. A doji candle formed near $1.0001 early on 09/14, indicating indecision among traders.

Moving Averages

On the 15-minute chart, the 20-period SMA crossed below the 50-period SMA, forming a bearish signal. On the daily chart, the 50-period SMA crossed below the 200-period SMA, reinforcing the downtrend. The 100-period SMA also acted as resistance near $1.0154, which the price failed to reclaim.

MACD & RSI

The MACD line crossed below the signal line late on 09/13, indicating a bearish momentum shift. RSI fluctuated between 30 and 50 throughout the session, never entering overbought territory. A slight divergence emerged between price and RSI in the early hours of 09/14, with RSI showing a slight bounce while price continued to decline, suggesting mixed market sentiment.

Bollinger Bands

Volatility expanded significantly from $0.9957 to $1.0309, with the upper band reaching $1.0309 and the lower band dropping to $0.9916. Price found support at the lower band twice, but both attempts were rejected with bearish confirmation. The bands began to contract slightly in the early hours of 09/14, hinting at a potential consolidation phase.

Volume & Turnover

Volume spiked to $138,455.85 during the 00:30–00:45 ET timeframe when price broke below $1.0222. Turnover also surged during this period, aligning with the price decline. However, a divergence between price and turnover was noted from 04:15–05:00 ET, when volume increased while price declined slowly, suggesting possible accumulation at lower levels.

Fibonacci Retracements

The recent swing low of $0.9874 and high of $1.0309 produced key retracement levels at $1.0117 (38.2%) and $1.0029 (61.8%). Price tested the 61.8% level twice during the session and failed to hold it. The 38.2% level is now in focus as potential resistance for the next 24 hours.

Backtest Hypothesis

The backtest strategy proposes a short-term reversal trade upon confirmation of a bullish engulfing pattern at Fibonacci support levels. A trade signal is triggered when the close breaks above the 1.0029 (61.8% retracement level) and the RSI rises above 45, with a stop-loss placed at the next support level. Given the current setup and the observed divergence between price and RSI, this strategy aligns with the bearish-to-neutral shift in momentum. A cautious entry with tight risk management is recommended due to the high volatility observed.