Market Overview for API3/Tether (API3USDT)

Generated by AI AgentTradeCipherReviewed byShunan Liu
Wednesday, Nov 12, 2025 4:03 pm ET1min read
Aime RobotAime Summary

- API3USDT opened at 0.6639, hit 0.6688, and closed at 0.6446 with 2.76M volume and $1.76M turnover.

- Price dropped below key 0.65 support post-noon ET, with RSI in oversold territory and MA crossover signaling bearish momentum.

- Bollinger Bands show moderate volatility, while Fibonacci levels (0.6435, 0.6347) and 0.6450-0.6470 range mark critical support/resistance.

- Historical backtests of bullish patterns show poor performance, aligning with current weak RSI and bearish trend continuation.

Summary
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API3USDT
opened at 0.6639, hit 0.6688, and closed at 0.6446 with 24-hour volume of 2.76M and turnover of 1.76M.
• Volatility spiked post-noon ET, with price dropping sharply below key support of 0.65 before stabilizing.
• RSI remains in oversold territory, and the 20-period MA crossed below the 50-period MA, signaling bearish
momentum
.
• Bollinger Bands show moderate volatility, with price hovering near the lower band post-noon.
• Fibonacci retracement of the 15-minute swing identifies 0.6435 as a critical level.

API3/Tether (API3USDT) opened at 0.6639 (12:00 ET – 1), reached a high of 0.6688, dipped to a low of 0.6179, and closed at 0.6446 by 12:00 ET on 2025-11-12. Total volume for the 24-hour window was 2,763,863.19 units, and notional turnover was $1,759,134.51. A bearish trend has emerged following the break of key support at 0.65, and price action suggests further downward pressure is likely unless buyers defend the 0.6450–0.6470 range.

Over the past 24 hours, API3/USDT has formed a bearish breakdown from a consolidation pattern, with a sharp selloff following the 18:00 ET 15-minute candle. Key support levels include 0.6435 (38.2% Fibonacci), 0.6347 (61.8% Fibonacci), and 0.6301 (daily low). Resistance levels include 0.6492 and 0.6522. The 20-period MA has crossed below the 50-period MA on the 15-minute chart, reinforcing the bearish bias.

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The RSI has remained in oversold territory for much of the session, currently at 30, suggesting short-term exhaustion in the downside. MACD has crossed below zero, indicating bearish momentum is likely to continue unless a strong reversal candle forms. Bollinger Bands are relatively wide, showing moderate volatility, and price has closed near the lower band, supporting a continuation of the current trend. Volume spiked during the 16:15–16:30 ET period as price dropped below 0.63, aligning with the price move and reinforcing the bearish bias.

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Backtest Hypothesis
A simple backtesting strategy of “buy on Bullish Engulfing patterns and exit the next day” has historically underperformed for API3/USDT from 2022 to the present. The returns have been modestly negative, with significant drawdowns, indicating that this approach may not be effective without additional filters or risk controls. The recent bearish breakdown and weak RSI readings align with the historical underperformance of bullish reversal patterns in this pair, suggesting traders should be cautious about relying solely on pattern-based entries without a broader strategy or robust risk management framework.

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