Api3 (API3USDT) Market Overview: August 22, 2025

• API3USDT declined 19.7% over 24 hours, breaching key support at $1.51 and forming bearish continuation patterns.
• Volatility surged on large-volume downswings, with RSI in oversold territory below 30, suggesting potential short-term bounce.
• Bollinger Bands expanded during the sharp decline, indicating heightened bearish momentum and risk of further pullback.
• Strong divergence in volume and price during the final 6 hours suggests weakening buying interest and increased bear pressure.

At 12:00 ET on August 21, API3USDT opened at $1.5802, reaching a high of $1.607 and a low of $1.4605 before closing at $1.5097. Total volume for the 24-hour period was 25,653,932.68 USDT, with a notional turnover of $38,125,594.

Structure & Formations

The past 24 hours saw a sharp bearish breakdown from $1.58 to $1.46, with multiple bearish candlestick patterns emerging, including hanging men and bearish engulfing patterns below $1.57. A key psychological support level at $1.50 appears to be under test, with price finding short-term support around $1.48–$1.50.

Moving Averages

On the 15-minute chart, price closed below both the 20 and 50 EMA lines, indicating bearish momentum in the short term. On the daily chart, the 50 and 200 EMA lines are in a bearish crossover, reinforcing the downtrend. The 100 EMA at ~$1.525 may act as a near-term barrier to further declines.

MACD & RSI

The MACD turned negative and is trending lower, with bearish divergence. RSI has fallen into oversold territory (below 30) at times, suggesting a possible short-term bounce but not a reversal. A close above $1.53 would be needed for RSI to show meaningful bullish momentum.

Bollinger Bands

Price has traded far outside the lower Bollinger Band during the drop to $1.46, indicating high volatility and strong bearish pressure. The recent contraction in the bands following the drop suggests a potential period of consolidation or a reversal attempt, though this is not yet confirmed.

Volume & Turnover

Volume spiked during the largest price declines, particularly between 22:00 and 04:00 ET, confirming the bearish move. However, price failed to make higher lows during this period, and turnover did not confirm a strong short-covering move, suggesting continued bear dominance.

Fibonacci Retracements

The recent 15-minute swing from $1.607 to $1.4605 aligns with a 61.8% Fibonacci retracement at $1.51, where price stalled briefly before breaking through. On the daily chart, the 61.8% level from the recent high of $1.607 is around $1.49, which has held as a temporary floor but may not be enough to halt further downside.

The price action suggests that API3USDT may test the $1.44–$1.46 range in the next 24 hours if bear momentum continues, though a short-term bounce from the oversold RSI could occur. Investors should closely watch the $1.50 and $1.53 levels for signs of support or a potential reversal.