Market Overview for API3/Tether (API3USDT): 24-Hour Analysis

Summary
• API3USDT found support near 0.4166 before forming a bullish reversal.
• Volatility spiked overnight with a 0.43–0.445 consolidation.
• MACD diverged as price rose, signaling potential momentum shift.
• Bollinger Bands expanded after a contraction, suggesting increased uncertainty.
• Volume surged during the 23:15–00:30 ET window, confirming key levels.

API3/Tether (API3USDT) opened at 0.4188 on 2025-12-23 12:00 ET and closed at 0.4437 on 2025-12-24 12:00 ET. The pair reached a high of 0.4738 and a low of 0.4166 during the 24-hour period. Total volume amounted to 3,456,512.47, while notional turnover reached $1,448,674.00.

Structure & Formations

The 24-hour chart displayed multiple support and resistance clusters. The most notable support level was at 0.4166, where price reversed on 23:30 ET. A strong bullish reversal followed, marked by a 0.4166–0.4293 recovery. Later, a higher-volume bullish engulfing pattern formed at 0.4293–0.4318, signaling renewed buying pressure.

Moving Averages

On the 5-minute chart, price broke above the 20SMA at 0.4315 and briefly held above the 50SMA before retreating. On a daily basis, the 50DMA and 200DMA aligned near 0.425–0.427, supporting a potential consolidation phase ahead.

Momentum Indicators

RSI climbed to overbought territory (68–72) during the overnight spike, suggesting a potential pullback. MACD showed a bearish divergence as price hit 0.445, with the histogram shrinking despite higher highs. This could indicate waning bullish momentum.

Volatility and Bollinger Bands

Bollinger Bands saw a notable contraction around 0.4293–0.4315 on the 5-minute chart, followed by a sharp expansion. Price remained within the upper and lower bands most of the day, indicating a range-bound structure until the final 6 hours, when volatility increased.

Volume and Turnover

The largest volume spike occurred at 23:15 ET (1,159,398.47), coinciding with a sharp rally to 0.4553. Turnover also spiked at this time, confirming the price action. A second surge occurred at 07:00 ET, with price consolidating between 0.4372–0.4437 ahead of the 12:00 ET close.

Fibonacci Retracements

A 0.618 retracement level was identified at 0.4365–0.438, which held as support for several hours before price broke higher. The 0.382 retracement at 0.4415–0.4435 acted as a minor resistance during the final 3 hours.

The market appears to be in a transitional phase, with strong volume supporting a potential break above 0.445. However, MACD divergence and overbought RSI suggest caution ahead. Investors should monitor the 0.438–0.440 range for potential pullbacks and keep risk exposure in check as volatility remains elevated.