Market Overview for API3/Tether USDt (API3USDT) as of 2025-09-10

• API3/USDT surged 14.5% from 0.9794 to 0.9997 in 24 hours, forming a bullish continuation pattern.
• Volatility increased with a 37% expansion in Bollinger Band width after 05:00 ET.
• RSI hit 68 near 06:00 ET, indicating potential overbought conditions, but price did not reverse.
• Volume spiked at 09:00 ET and 15:00 ET with strong price confirmation, supporting trend momentum.
• A 15-minute bullish engulfing pattern appeared at 21:30 ET, aligning with a breakout above key resistance.

The pair API3/Tether USDt (API3USDT) opened at 0.9794 on 2025-09-09 at 12:00 ET and closed at 0.9997 by 12:00 ET on 2025-09-10. During this period, it reached a high of 1.0086 and a low of 0.9735. Total traded volume was 2,896,695.11 API3 and notional turnover amounted to $2,846,321.76, reflecting a strong bull case with sustained price and volume coordination.

Structure & Formations

Key support levels were identified at 0.9794 and 0.9864, with the former acting as a psychological and technical floor during the 16:00–20:00 ET sell-off. Resistance was clearly tested and breached at 0.9990–1.0000, where a 15-minute bullish engulfing pattern formed around 21:30 ET. This pattern, combined with a breakout above the 0.9986–1.0000 range, suggests strong momentum from institutional or algorithmic buyers.

A minor bearish divergence in RSI occurred at 16:00 ET, but price action confirmed a strong rebound thereafter. The 1.0060–1.0085 level appears to be the next major resistance zone based on Fibonacci retracements (61.8% of the 0.9812–1.0086 rally), which could offer a retest or reversal opportunity.

Moving Averages

On the 15-minute chart, the 20SMA and 50SMA crossed to the upside between 03:45 ET and 04:00 ET, indicating a trend shift to bullish. The 50SMA at ~0.9990 closely aligns with recent price action, suggesting potential for a continuation. On the daily chart, the 50DMA and 200DMA were both breached during the 24-hour window, with the 200DMA at ~0.9860 now serving as a dynamic support level.

MACD & RSI

The MACD crossed above the signal line at 05:30 ET and remained in positive territory for the rest of the session, confirming bullish momentum. RSI peaked at 68 at 06:00 ET and has since trended lower, indicating a possible pullback. However, RSI remains above 50, suggesting that the bullish bias is still intact. The 50–55 RSI range is considered a neutral zone and may provide a floor if the pair corrects.

Bollinger Bands

Bollinger Bands experienced a 37% expansion in width around 05:00 ET, indicating heightened volatility. Price remained above the 20-period moving average for the majority of the session and touched the upper band at key resistance points. The lower band has held at ~0.9810–0.9830, suggesting further upward movement may require a breakout beyond 1.0080.

Volume & Turnover

Volume spiked 3x the average between 09:00 ET and 15:00 ET, aligning with a sharp 1.2% rally. This confirms strong buying pressure and suggests the trend is being backed by real capital. The highest turnover occurred at 15:15 ET and again at 15:45 ET, aligning with price consolidations and indicating a potential pause or reversal ahead.

Fibonacci Retracements

Applying Fibonacci retracements to the 15-minute swing (0.9812–1.0086), the 61.8% level is at ~1.0030, which aligns with the 03:30 ET high. This zone is critical for short-term positioning. On the daily chart, the 38.2% retracement level at ~0.9960 has been tested twice but not broken, indicating continued bullish conviction.

Backtest Hypothesis

A potential backtest strategy could involve entering a long position when the 15-minute MACD crosses above the signal line and RSI crosses above 50, while price remains above the 20SMA. Stop-loss would be placed below the most recent swing low (~0.9960), and the first target is the 61.8% Fibonacci level (~1.0030), with a second target at the 78.6% level (~1.0060). This setup could be optimized by adding a volume filter, triggering only when 15-minute volume exceeds the 50-period average by 50%.