Market Overview for API3/Tether (API3USDT)

Summary
• Price declined from 0.469 to 0.4562, forming bearish engulfing and bear trap patterns.
• RSI and MACD indicated bearish momentum with no overbought conditions.
• Volatility expanded, with high-volume breakdown below 0.4605 and 0.4586 as immediate support.

24-Hour Price and Volume Performance

API3/Tether (API3USDT) opened at 0.4690 on 2025-12-27 12:00 ET, reached a high of 0.4693, a low of 0.4528, and closed at 0.4562 as of 2025-12-28 12:00 ET. Total volume for the 24-hour window was 1,842,676.47, with notional turnover amounting to 829,340.97 USD.

Structure & Key Levels

The price action revealed a bearish reversal from 0.469, with a breakdown below 0.4605 confirming weakness. A bear trap at 0.4627 and a bearish engulfing pattern near 0.4631 reinforced the downtrend. Immediate support appears at 0.4586 (closing of a large bearish candle), and further support is likely to be tested near 0.4530.

Trend and Momentum

The 5-minute 20/50-period moving averages remained in a bearish alignment, confirming downward pressure. The RSI has been in bearish territory for most of the day, with a low of around 30 indicating near-oversold levels, though momentum remains weak. The MACD line declined steadily, signaling sustained bearish momentum with no signs of reversal.

Volatility and Bollinger Bands

Volatility expanded significantly after 10:45 AM ET, as price dropped below the Bollinger Band midline and settled near the lower band. The bands widened during the breakdown, suggesting a continuation of the move could be in play.

Volume and Turnover Divergence

Volume spiked notably during the breakdown below 0.4605, particularly during the 10:45 AM and 11:00 AM ET candles. Turnover aligned with the volume, confirming the strength of the move. No significant divergence was observed, which suggests continuation is more likely than reversal.

Fibonacci Retracements

On the 5-minute chart, the move from 0.469 to 0.4562 aligns with a 38.2% retracement at 0.4640 and a 61.8% retracement at 0.4593. A test of the 0.4586 level could see a bounce or another pullback toward 0.4530–0.4528.

API3USDT appears to be in a well-defined bearish phase, with a breakdown below key support levels and no signs of reversal. Traders may watch for a potential bounce near 0.4530, though further downside risks remain. As always, volatility in the next 24 hours could see sharp moves, particularly if volume and sentiment shift.