Market Overview for API3/Tether (API3USDT)

Summary
• Price action showed a sharp bearish reversal from 0.4694 to 0.4311, indicating potential exhaustion in bullish momentum.
• Strong volume surges below 0.46 and 0.45 confirmed bearish continuation, with RSI hitting oversold territory.
• Bollinger Bands expanded as volatility increased, with price staying below the 20-period MA for most of the 24-hour period.

At 12:00 ET on December 15, 2025, API3/Tether (API3USDT) opened at 0.4688, hit a high of 0.4694, and a low of 0.4311, closing at 0.4311. Total volume reached 1,224,096.59, with a turnover of $554,417.87 over the 24-hour window.

Structure & Formations

Price formed a clear bearish trend after peaking at 0.4694. A large bearish engulfing pattern appeared at the top, signaling a shift in sentiment. A key support level emerged near 0.4582, but the price broke below it with a strong candle closing at 0.4311.

Moving Averages

On the 5-minute chart, price has remained below both the 20-period and 50-period moving averages, confirming bearish bias. Daily moving averages (50/100/200) are not yet aligned in a clear downtrend but show potential for bearish crossover if this move continues.

MACD & RSI

MACD remained negative with bearish divergence, showing ongoing selling pressure.

RSI dropped below 30, indicating oversold conditions, though this may reflect exhaustion rather than a reversal.

Bollinger Bands

Bollinger Bands expanded sharply following the bearish move, indicating increased volatility. Price action has remained near the lower band for most of the 24 hours, reinforcing the bearish scenario.

Volume & Turnover

Volume spiked during key breakdowns at 0.46 and 0.45, confirming bearish continuation. Turnover remained strong during these moves, showing no divergence between volume and price.

Fibonacci Retracements

From the 0.4694 high to the 0.4311 low, price appears to be testing the 61.8% Fibonacci level around 0.4497, which may act as a short-term resistance.

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Forward-Looking Observation

Price may test 0.44–0.445 as support levels in the next 24 hours, with 0.4497 as a potential near-term resistance. Investors should watch for volume divergence at these levels to determine potential reversals. There is moderate risk of further downside if 0.4311 is not held.