Market Overview: Api3 (API3USDT) 24-Hour Analysis (2025-08-06)

• Api3 consolidates in a narrow range between $0.663 and $0.676, showing limited directional momentum.
• A bearish engulfing pattern appears around 20:45–21:00 ET, signaling short-term pressure.
• Volume spikes at 18:00 ET but fail to confirm a breakout, suggesting indecision.
• RSI hovers near 40, indicating neutral momentum and no overbought/oversold conditions.
• Bollinger Bands show contraction, hinting at potential volatility ahead.

Api3 (API3USDT) opened at $0.671 on 2025-08-05 at 12:00 ET and traded between $0.657 and $0.678 over the next 24 hours, closing at $0.658 at 12:00 ET on 2025-08-06. The pair saw a total volume of 350,909.50 API3 and notional turnover of $236,188.36.

Structure & Formations

The price action formed a narrow consolidation pattern between $0.663 and $0.676, with no clear breakout attempts. A bearish engulfing candle emerged at 21:00 ET, following a brief rebound from a prior bearish move, which may signal short-term profit-taking. A doji appeared at 00:30 ET on 2025-08-06, hinting at a pause in the downward trend and potential reversal.

Moving Averages

On the 15-minute chart, the price oscillated around the 20-period and 50-period SMAs, indicating no dominant trend. The 50-period SMA currently sits at $0.670, while the 20-period SMA is at $0.669, showing the market remains in a tight range. On the daily chart, the 200-period SMA may offer a key support level near $0.665.

MACD & RSI

MACD lines moved sideways, with the histogram showing no strong divergence, suggesting no clear momentum direction. The RSI indicator remained in the neutral zone, oscillating between 38 and 55, indicating neither overbought nor oversold conditions. This implies the market is in a wait-and-see mode ahead of the next directional move.

Bollinger Bands

The Bollinger Bands showed a narrow contraction in the final hours of the 24-hour period, especially between 04:00 and 05:00 ET, which could precede a breakout. The price closed near the lower band, suggesting a potential bearish continuation if the range is broken.

Volume & Turnover

Volume spiked at 18:00 ET with a large candle, yet the price failed to move beyond the consolidation range, indicating failing conviction among buyers. The notional turnover at that time was $17,322.14, nearly 7% of the total 24-hour turnover. A divergence between rising volume and flat price suggests short-term uncertainty among traders.

Fibonacci Retracements

Applying Fibonacci to the 0.657–0.678 range, the 38.2% retracement level is at $0.669, and the 61.8% level is at $0.663, both of which coincided with key price clusters. The 61.8% level now appears to be acting as strong support, and a break below $0.663 could target $0.659–0.657.

Api3 may face increased volatility over the next 24 hours, particularly if the $0.663 support level is tested. While the current range-bound pattern shows no sign of a breakout, a break below key support could trigger further bearish momentum. Investors should closely monitor the RSI divergence and volume behavior for early signs of directional bias.