Bybit Adjusts Funding Rate Limits for API3USDT Contract
Funding Rate Update: Bybit is adjusting the funding rates for the API3USDT Perpetual Contract on March 18, 2025, as part of its strategy to maintain market stability and user protection, following similar changes in other contracts like SENDUSDT and MAVIAUSDT.
Market Response and Strategy: Current market data shows API3 trading at $1.86 with a +2.3% shift in the last 24 hours; traders are advised to closely monitor these funding rate changes as they may influence position costs, liquidity, and overall market sentiment.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for API3
Technical Sentiment Analysis for API3 (API3). As of , API3 (API3) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for API3 stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, API3 is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
API3 (API3) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0148 | 0.132 | 0.225 | 0.342 | 0.435 | 0.552 | 0.645 |
| Fibonacci | 0.132 | 0.213 | 0.262 | 0.342 | 0.423 | 0.472 | 0.552 |
About API3
About the author
