Summary
•
formed a bullish engulfing pattern near 0.4202, suggesting potential short-term reversal.
• Volume spiked during the 0.4202–0.4466 rally, with turnover confirming upward momentum.
• 24-hour volatility widened as price moved from 0.4107 to 0.4492, with Bollinger Bands showing recent expansion.
• RSI reached 75 on the 5-minute chart, signaling potential overbought conditions after the 0.4466 high.
• Key support at 0.4251 and resistance at 0.4310 held during multiple tests.
API3/Tether (API3USDT) opened at 0.4259 on 2025-12-21 at 12:00 ET, reached a high of 0.4492, a low of 0.4107, and closed at 0.4417 on 2025-12-22 at 12:00 ET. Total volume over the 24-hour period was 3,653,216.05, with a turnover of approximately $1,578,963.
Structure and Key Levels
The 24-hour period saw a strong rebound from the 0.4202 support level, forming a bullish engulfing pattern that preceded a sharp rally. Price found resistance at 0.4492, which may now act as a short-term ceiling. The 0.4310 level appears to be a key psychological and Fibonacci retracement hurdle.
Moving Averages and Momentum
On the 5-minute chart, the 20-period and 50-period moving averages crossed to the bullish side during the 0.4251–0.4466 upmove. Daily moving averages (50/100/200) are in a bullish alignment, suggesting the longer-term trend remains intact. MACD showed a positive divergence during the rally, and RSI on the 5-minute chart reached overbought territory at 75, indicating potential near-term pullback.
Volatility and Bollinger Bands
Volatility expanded as the price moved from 0.4107 to 0.4492, with Bollinger Bands widening in tandem. Price spent most of the day inside the upper band during the late-day rally, indicating high momentum. A contraction in volatility could signal a potential reversal or continuation.
Volume and Turnover Signals
Volume increased during the 0.4202–0.4466 rally, particularly during the 15:45 ET to 16:45 ET window, with a large 5-minute candle confirming the 0.4466 high. Turnover remained in sync with price action, showing no signs of divergence. The 0.4417 close was supported by moderate volume, suggesting some consolidation.
Looking ahead, API3USDT may test the 0.4466–0.4492 area for a potential breakout or consolidation. Traders should monitor the 0.4417–0.4466 range for further direction, with a risk of pullback if RSI overbought conditions persist.
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