In the past 24 hours, API3 has pulled out a 47% big bullish line but has pushed the RSI to an extremely oversold zone at 24; contract positions have surged by 64%, while the long-short ratio has plummeted from 1.52 to 1.10, indicating short-term bulls are 'fighting and retreating'. The price has moved away from the massive transaction area (POC) of 0.86 USDT, with a second dense trading area piling up near 1.50 USDT, while the lower 0.75–0.86 USDT leaves a 'vacuum' LVN—retesting would be a golden pit for bulls to get on board again.
Key ranges and trading volume distribution
• Value Anchor Range (POC): 0.8601 USDT, with a transaction of 677 million pieces, accounting for 3.1% of the total volume over two weeks, serving as the cost center for bulls.