🚀 $API3 /USDT Weekly – Technical Outlook

After a massive 98% weekly candle, API3 has broken out of a multi-year descending trendline, signaling a potential macro reversal.

✅ Breakout Confirmation

The downtrend resistance from early 2022 is decisively broken.

Weekly close above all major MAs:

MA 7: 0.8731 ✅

MA 25: 0.7950 ✅

MA 99: 1.7096 (now being tested)

🔢 Fibonacci Extension Targets

Using the full range from ATH to bottom:

🎯 Target 1 – $2.66 (0.236 Fib) → Just cleared

🎯 Target 2 – $4.03 (0.382 Fib)

🎯 Target 3 – $5.13 (0.5 Fib)

🚀 Bonus: $6.24 (0.618 Fib) and $7.81 (0.786 Fib) if momentum sustains

🛡️ Support Levels

🟢 $1.20–$1.30: recent breakout retest zone

🟠 $0.85–$0.80: MA 25 & prior range top

🔴 $0.60: invalidation of breakout structure

⚠️ Quick Notes

RSI likely entering overbought zone → may cause short-term pullback

Volume spike confirms real buying interest

Could consolidate below MA 99 before continuation

🧠 Final Take

The trendline that once defined the bear is now the springboard for the bull.

API3 just broke its shackles — the real game may just be beginning. 📈