Market Overview for API3/Tether (API3USDT) on 2025-09-27

• Price for API3USDT moved in a bullish range, with a 0.76% net increase over 24 hours.
• Key resistance formed around 0.776–0.778, while support held near 0.770–0.772.
• Momentum remained mixed, with RSI hovering in mid-range, suggesting consolidation.
• Volatility slightly expanded, with Bollinger Bands widening after midday.
• Turnover spiked in the morning session, coinciding with a sharp upward move.

API3USDT opened at 0.7588 on 2025-09-26 12:00 ET and closed at 0.7774 on 2025-09-27 12:00 ET, reaching a high of 0.7804 and a low of 0.7578. Total volume for the 24-hour period was 1,637,393.66, with a notional turnover of 1,266,919.65.

Structure & Formations

API3USDT displayed a generally bullish bias during the 24-hour period, with a series of higher highs and higher lows forming from the morning hours onwards. A key bullish engulfing pattern was observed between 2025-09-26 19:00 and 19:15 ET, which marked the beginning of a sustained upward move. A small doji near 0.770 in the evening suggested a pause in buying momentum, but price quickly resumed its climb. Key support levels include 0.770–0.772 and 0.766–0.768, while resistance appears to be forming at 0.776–0.778 and 0.781–0.783.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages have remained in a bullish alignment, with the 20-period line consistently above the 50-period, suggesting short-term bullish momentum. On a broader daily chart, the 50-period MA appears to be catching up with the 200-period MA, signaling a potential shift in medium-term sentiment from bearish to neutral or mildly bullish. Price remains above both major moving averages, indicating ongoing bullish sentiment.

MACD & RSI

MACD displayed positive divergence in the latter half of the 24-hour period, with the line and histogram expanding in tandem with price. This suggests that upward momentum is gaining traction. RSI remained within the 50–60 range for most of the day, indicating neither overbought nor oversold conditions. A brief dip to 54 in the early morning followed by a rise to 59 by midday signaled a consolidation phase before the final leg up.

Bollinger Bands

Bollinger Bands showed a moderate expansion in volatility during the afternoon and evening, with price often sitting near the upper band between 0.775 and 0.780. A brief contraction was seen in the early morning hours, which was followed by a breakout attempt. Price has remained above the 20-period Bollinger Band midline for most of the day, supporting the bullish narrative.

Volume & Turnover

Volume spiked in the late afternoon and early evening, particularly between 19:00 and 20:30 ET, when the price moved from 0.772 to 0.778. Turnover also rose sharply in that period, confirming the bullish move. A divergence was noted in the early morning where volume was high but the price was flat, suggesting a potential exhaustion of short-term momentum. However, the afternoon rally was well supported by both volume and turnover.

Fibonacci Retracements

Applying Fibonacci retracement levels to the 24-hour range, the 38.2% retracement level at 0.764 was tested but rejected. The 61.8% level at 0.771 served as support, and price bounced off it several times. On the 15-minute chart, a key 61.8% retracement level at 0.776 became a temporary resistance before price pushed through.

Backtest Hypothesis

Given the observed bullish structure and strong volume confirmation during key price levels, a potential backtesting strategy could focus on breakout entries above the 0.776–0.778 resistance zone, with a stop-loss placed just below 0.772. A target could be set at 0.781–0.783, which represents the next immediate resistance. The use of Fibonacci retracement levels and Bollinger Band midline crossovers could help filter signals and improve the probability of success.