API3 Crypto Drops After 100% Spike, Will a New Trend Form?

Jakarta, Pintu News – API3 crypto is a project on the Ethereum (ETH) network that provides decentralized and intermediary-free data feeds by connecting real-world APIs directly to smart contracts.

This project has similarities with other oracle solutions such as Chainlink (LINK), Pyth Network (PYTH), or Band Protocol.

Although the price of API3 crypto has been on a downward trend for more than three years, the token saw a sharp spike after it was listed on the Upbit exchange on August 19, 2025.

With that in mind, the CCN website analyzed the charts to see which way this price movement would go.

Listing API3 Crypto on Upbit

Over the past three years, the price of API3 crypto has been steadily weakening with a consistent downward trend. However, the situation changed on August 19, when the price of API3 surged by 100% after it was officially listed on the Upbit exchange.

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Other than the listing news, there were no other positive factors driving the API3 price spike. Many users are starting to realize that listing on Upbit often has a significant effect on the price of crypto assets.

An analysis of the previous three assets that experienced a surge after listing on Upbit – Hyperlane (HYPER), Omni Network (OMNI), and CYBER – shows that none of them were able to surpass their post-listing highs.

• OMNI was the only one to print higher levels about two weeks after listing, but then went back down.
• CYBER (black) and HYPER (red) only formed lower peaks immediately after listing and subsequently continued the downward trend.

Even so, all three are still trading well above their pre-listing prices. Based on the historical pattern, there is a possibility that the price surge of API3 crypto will not last long, but will instead consolidate within a certain range above the breakout level.

Let’s take a look at the chart to see if this scenario will repeat itself.

API3 Crypto Price Analysis

The price of API3 crypto managed to break the long-term descending resistance trend line and reached a high of $1.86, while crossing the $1.25 horizontal area.

As this trendline has been in place since early 2024, the breakout signals that the downward trend has ended.

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In line with the price increase, technical indicators are also showing positive signals. The Relative Strength Index (RSI) rose above 70, while the Moving Average Convergence/Divergence (MACD) moved above 0.

Although the price action looks bullish, previous history suggests that this surge is unlikely to be sustainable. Instead of continuing to rise, API3 crypto prices could potentially consolidate above the $1.30 area, forming a new trading range. After this consolidation phase, the next resistance target is around $2.55.

Crypto API3 Surge Could Fade

Citing CCN’s report, API3 crypto recorded a gain of more than 100% after listing on Upbit, breaking a multi-year downtrend while also breaching an important resistance level.

However, Upbit’s previous listing history shows a similar pattern: prices spiked, but then faded and turned into consolidation instead of a sustained rally.

As such, there is a possibility that API3 will move in a new range above $1.30 before testing resistance around $2.55.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• CCN. API3 Price Cools After 100% Surge on Upbit Listing as Market Awaits Next Move. Accessed on August 22, 2025