Summary
•
formed bullish engulfing patterns after testing key resistance near 0.4300.
• Momentum turned positive as RSI crossed above 50, with MACD showing a growing bullish divergence.
• Volatility expanded significantly around 15:00 ET as volume surged with a 0.4499 high.
• Price closed above the 20-period MA, suggesting short-term bullish momentum.
• Turnover diverged from price during a pullback, hinting at potential accumulation.
API3/Tether (API3USDT) opened at 0.4268 on 2025-12-31 at 12:00 ET, reached a high of 0.4499, a low of 0.4226, and closed at 0.4435 on 2026-01-01 at 12:00 ET. Total volume was 1,423,094.49 with $625,136.92 in turnover.
Structure & Formations
The price tested a key resistance zone around 0.4300, forming bullish engulfing patterns after a period of consolidation. A notable bearish rejection appeared at 0.4263, reinforcing its role as support. A doji formed near 0.4290, hinting at indecision before a bullish breakout.
Moving Averages and Momentum
On the 5-minute chart, the 20-period MA crossed above the 50-period MA in the morning, signaling a shift in short-term bias. The RSI crossed above 50 during the afternoon, with MACD showing positive divergence despite a pullback. Daily moving averages were not provided, but the 20-period MA provided a strong baseline for the bullish move.
Volatility and Bollinger Bands
Volatility expanded significantly after 15:00 ET, with the price reaching the upper Bollinger Band on a breakout to 0.4499. Prior to that, a tight consolidation phase between 0.4263 and 0.4310 suggested a potential breakout. The price closed near the upper band, indicating strong follow-through.
Volume and Turnover Analysis
Volume spiked sharply during the breakout to 0.4499, with a notional turnover of ~$54.5k on the 5-minute candle ending at 15:00 ET. A divergence in turnover occurred during the pullback from 0.4499 to 0.4435, suggesting accumulation rather than capitulation.
Fibonacci Retracements
The initial move from 0.4263 to 0.4313 saw a 61.8% retest at 0.4289 before the price resumed higher. On the larger move from 0.4226 to 0.4499, the 50% retracement at ~0.4360 acted as support. A potential 78.6% retracement near 0.4385 may offer short-term resistance.
Over the next 24 hours, API3USDT could consolidate near the 0.4435–0.4450 range before testing the 0.4488 high again. Traders should remain cautious, as a breakdown below 0.4360 could trigger a retest of the 0.4300 area.
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