Market Overview for API3/Tether (API3USDT) on 2025-09-18

• API3/Tether surged past key resistance, with a bullish breakout confirmed by volume and momentum.
• RSI and MACD indicate strong upward momentum, with no signs of near-term exhaustion.
• Volatility expanded as the price moved away from Bollinger Band midline, suggesting a continuation.
• Volume increased in line with price action, reinforcing the strength of the rally.
• Fibonacci retracement levels suggest 0.954–0.961 could be critical next targets.

API3/Tether (API3USDT) opened at 0.9139 (12:00 ET – 1) and closed at 0.9611 (12:00 ET). The pair reached a high of 0.9624 and a low of 0.9032 over the past 24 hours. The total volume was 3,997,781.89, and the notional turnover was approximately 3,647,525.33 USD. The price has shown a clear bullish breakout, supported by strong volume and momentum.

Structure & Formations

The API3/Tether pair has formed a strong bullish trend following a key breakout above the 0.9131–0.9171 consolidation range. A strong 15-minute bullish engulfing pattern formed around 18:30 ET as the price surged from 0.915 to 0.9369. A key support level appears to be forming at 0.9343, while a significant resistance was breached at 0.9476. A series of higher highs and higher lows from 0.9343 to 0.9624 suggests a continuation pattern is in place.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages are both trending upward, reinforcing the bullish bias. The 50-period MA crossed above the 100-period MA on daily timeframes, signaling a potential long-term uptrend. The 200-period MA remains well below the current price, indicating the market has moved decisively from its previous equilibrium.

MACD & RSI

The 12:00 ET close shows a MACD line above the signal line with positive divergence, indicating strong bullish momentum. The RSI is at 65, trending upward and showing no signs of overbought conditions. While the RSI has not yet reached overbought territory (70+), the sustained upward movement suggests traders should watch for potential exhaustion as the indicator approaches that level.

Bollinger Bands

The price has consistently moved above the upper Bollinger Band since 18:45 ET, indicating high volatility and bullish pressure. The band width has widened significantly, reflecting increased volatility and a strong directional move. Price remains well above the 20-period moving average within the upper band, suggesting continuation of the trend is likely.

Volume & Turnover

Volume has increased in tandem with the price action, particularly after the 18:30 ET candle closed at 0.9369. A large volume spike at 18:45 ET confirmed the breakout from consolidation. No divergence is observed between volume and price, which strengthens the case for a continuation. Turnover also surged during the breakout period, aligning with the bullish sentiment.

Fibonacci Retracements

Applying Fibonacci retracement levels to the 0.9032–0.9624 swing, the 61.8% level sits at approximately 0.942, which has already been tested and surpassed. The next key level is the 78.6% at ~0.953, which appears to be acting as support and may now function as a dynamic support/resistance pivot. Daily Fibonacci levels from the recent swing high at 0.9624 suggest a pullback to 0.954 and 0.944 could be probable before a potential test of the 0.976 level.

Backtest Hypothesis

Given the observed structure and momentum indicators, a potential backtesting strategy could involve a long entry on a confirmed breakout above the 0.9476 level with a stop-loss just below 0.9343. A trailing stop could be used to lock in profits as RSI approaches overbought levels or as the price pulls back to key Fibonacci levels. This setup would allow traders to ride the bullish trend while managing risk with defined stops and dynamic take-profit targets based on MACD divergence and Bollinger Band expansion.