Market Overview for API3/Tether (API3USDT)

Summary
• Price dropped 19.5% from 0.4667 to 0.4355 over 24 hours amid declining volume.
• Key support appears at 0.42–0.435, with a bearish engulfing pattern around 0.445–0.448.
• Volatility expanded significantly in the final 6 hours, signaling potential reversal or continuation.
• RSI reached oversold levels (35–40), suggesting possible near-term bounce.
• Turnover spiked after 15:00 ET with a bear trap forming near 0.445.

At 12:00 ET on 2025-12-17, API3/Tether (API3USDT) opened at 0.4667, reached a high of 0.4667, and closed at 0.4355 after hitting a low of 0.4281. Total volume was 2,584,943.87, with notional turnover at approximately $1,125,148.

Structure & Key Levels

Price dropped sharply from a 24-hour high of 0.4667 to a low of 0.4281, forming a bearish continuation pattern. Key support levels appear at 0.42–0.435, with resistance testing likely at 0.445–0.45. A bearish engulfing pattern emerged between 0.445 and 0.448, reinforcing the downward bias.

Momentum and Oscillators

The RSI dipped into oversold territory (35–40), suggesting a short-term bounce may be possible. MACD showed a narrowing histogram, indicating waning bearish momentum. However, bearish divergence in the final hours could continue to press prices lower.

Volatility and Bollinger Bands

Volatility expanded significantly after 15:00 ET, with price breaking below the lower Bollinger Band. This expansion indicates increased uncertainty and potential for either a rebound or further decline.

Volume and Turnover

Volume remained elevated during the sharp descent, with a notable spike near 0.4281. The notional turnover aligned with the price drop, suggesting strong follow-through selling. A divergence in volume during the 0.44–0.445 range may signal a bear trap.

Forward Outlook and Risk

API3USDT may test the 0.42–0.435 support range in the next 24 hours, with a potential bounce if buyers step in. However, a break below 0.42 could accelerate the decline. Investors should remain cautious as volatility remains high and momentum indicators suggest a possible consolidation phase.