Market Overview for API3/Tether (API3USDT) – 24-Hour Period Ending 2025-10-26 12:00 ET

• API3USDT consolidates within a 0.6921–0.7152 range amid mixed candlestick formations.
• A sharp 15-minute rebound above 0.7144 on high volume suggests short-term bullish momentum.
• RSI remains within neutral territory, indicating no immediate overbought or oversold conditions.
• Volatility has expanded following the 19:30–20:00 ET surge, with price hovering near the upper Bollinger Band.
• The 50-period MA on 15-minute data currently lags price, showing potential for a bullish crossover.

API3USDT opened at 0.7027 on 2025-10-25 12:00 ET and closed at 0.7144 by 2025-10-26 12:00 ET. The pair reached a high of 0.7152 and a low of 0.6921 during the 24-hour period. Total trading volume amounted to approximately 3,117,890.5 and total notional turnover was 2,193,526.70. Price remains within a defined consolidation range, with a notable rebound observed in the final hours.

Over the past 24 hours, API3USDT has exhibited a range-bound pattern with a subtle bias toward the upper end of the range. Key support levels appear at 0.7005 and 0.6970, while resistance is showing strength around 0.7130–0.7152. A number of bearish and bullish engulfing patterns have emerged in the late hours, particularly on the 19:30–20:00 ET and 11:45–12:00 ET candles, signaling potential short-term momentum shifts. A doji formed at 0.7005 suggests indecision near critical support, while the bullish engulfing at 0.7144 appears to confirm a potential short-covering rally.

The 50-period moving average on the 15-minute chart has begun to catch up with price, currently lagging just below 0.7120, hinting at potential bullish crossover possibilities. The 20-period MA remains slightly below the 50-period line, indicating short-term bearish momentum has moderated. MACD shows a positive crossover with the histogram expanding, reflecting increasing bullish momentum. RSI stands at 57.3, within the neutral range, suggesting price could continue to test key support and resistance levels. Bollinger Bands have widened significantly after the 19:30 ET surge, with price currently sitting near the upper band—suggesting a potential reversal or continuation of the move.

Fibonacci retracement levels applied to the recent swing low at 0.6921 and the swing high at 0.7152 place key levels at 0.7033 (38.2%) and 0.7087 (61.8%). The 0.7144 close aligns with a shallow extension level, suggesting that a continuation of the upward thrust may be supported by these levels. A potential pullback could test the 0.7087 level first, offering a potential opportunity for re-entry on the long side.

Backtest Hypothesis

The recent candlestick activity suggests that a strategy based on bullish engulfing patterns could have potential, particularly in a low-volatility environment such as the one observed before the 19:30 ET surge. A backtest for such a strategy would require data on the dates when API3USDT formed bullish engulfing patterns since 2022-01-01. If these dates can be provided or uploaded, a 3-day holding period backtest can be executed immediately. In the absence of this data, an alternative strategy using a bullish reversal on daily RSI < 30 may serve as a temporary proxy while the data retrieval issue is resolved. Both approaches aim to capture short-term momentum in a volatile market. This hypothesis aligns with the observed price behavior, where a bearish trend reversed sharply on the 19:30 ET candle, forming a large bullish engulfing pattern.