🚀 $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. 📈