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

Summary
• API3USDT declined 18.6% in 24 hours, with strong bearish momentum and key support now at 0.480.
• Volume spiked early in the session, confirming bearish price action with diverging volume later.
• A bearish engulfing pattern formed near 0.510, suggesting further downside may be likely.
• Bollinger Bands widened after a tight consolidation phase, reflecting rising volatility.
• RSI hit oversold levels near 30, but price continues lower, hinting at weak near-term recovery potential.

The API3/Tether (API3USDT) pair opened at 0.5093 on 2025-12-10 at 12:00 ET, hit a high of 0.522, a low of 0.4772, and closed at 0.4788 on 2025-12-11 at 12:00 ET. Total volume reached 1,415,699.46 and turnover was $694,437.51 over the 24-hour period.

Structure & Formations

Price broke below a key support level at 0.509, confirmed by a bearish engulfing pattern on the 5-minute chart. A doji formed near 0.510, suggesting indecision. The pair appears to be testing 0.480 as a new critical support level.

Moving Averages

On the 5-minute chart, the 20-period and 50-period moving averages are in a bearish crossover, reinforcing the downward bias. Daily moving averages (50/100/200) are bearish and suggest further bearish bias if 0.480 is broken.

MACD & RSI

MACD remained negative throughout the session, with bearish divergence in the histogram. RSI dropped to oversold territory near 30, but failed to produce a rebound, indicating weak buyer interest and potential for further downside.

Bollinger Bands

Volatility expanded significantly after a period of consolidation, with prices falling near the lower band. This suggests heightened bearish pressure and potential for a test of the lower band at 0.478–0.476.

Volume & Turnover

Volume spiked early in the session as the price broke below key support, confirming bearish pressure. Later in the session, volume declined while price continued lower, indicating a weakening of bearish conviction. Turnover diverged slightly from price during the latter part of the session.

Fibonacci Retracements

On the 5-minute chart, price found temporary support at the 61.8% level of the recent bullish swing. On the daily chart, the 61.8% Fibonacci retracement sits near 0.477, where price has been consolidating.

Looking ahead, traders may watch for a potential bounce from the 0.480 support or a breakdown to 0.476–0.474. A reversal above 0.510 could suggest a bear trap, but given the weak volume, such a move may lack conviction. Investors should remain cautious, as volatility and bearish momentum remain elevated.