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Summary
• API3USDT formed a bearish breakdown below key support at 0.5163.
• Volume spiked during the 5-minute session ending at 02:30 ET, confirming downward momentum.
• RSI reached oversold territory near 30, suggesting potential for a near-term bounce.
• Price closed 1.8% lower at 0.5087, with a 20-period MA now acting as dynamic resistance.
• Bollinger Bands narrowed earlier in the session before expanding during the sell-off.
API3/Tether (API3USDT) opened at 0.5231 on 2025-12-10 (12:00 ET -1), peaked at 0.5267, and closed at 0.5087 after hitting a 24-hour low of 0.5060. Total volume amounted to 544,435.21, with turnover reaching $273,310. The breakdown below 0.5163 appears to have triggered liquidation pressure, especially during the early hours of the session.
Momentum indicators showed deteriorating bullish sentiment, with RSI dipping into

Key resistance levels currently include the 20-period MA at 0.5123 and a prior swing high at 0.5143. On the support side, the 0.5105 level has held firm multiple times, suggesting it could serve as a temporary floor in the event of a rebound. A notable bearish engulfing pattern formed around 02:30 ET, which coincided with increased volume and a sharp price drop.
Volatility expanded significantly after a period of consolidation, particularly after 20:00 ET on the prior day. API3USDT traded within a narrowing Bollinger Band range before breaking below the lower band at 0.5087, indicating heightened bearish conviction.
Volume surged during the breakdown at 02:30 ET, coinciding with the bearish engulfing pattern and a sharp decline. Turnover and price aligned during this period, confirming the move rather than indicating a divergence. The overall volume profile suggests strong bear participation without significant buying interest for recovery.
Looking ahead, API3USDT may test the 0.5080–0.5065 support zone, with a potential rebound into the 0.5105–0.5123 range if buyers emerge. Traders should remain cautious of further downside in the event of a break below 0.5065.
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