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Three Core Drivers of Big Pump
1. Large amounts of funds are strongly controlling the market
24H trading volume surpassed 49.04 million USDT (a big pump of 293% compared to the last data!)
From a low of $0.806, it surged straight to $1.861, with an amplitude of up to 130%. The signs of violent big pump after the main force's accumulation are obvious!
2. Technical breakout at rocket level
The price has completely broken through all moving averages!
$1.524 >> 7-day moving average ¥0.88 (premium 73%)
Crushing the 25-day/99-day moving averages ($0.76/$0.73), all resistance levels have been shattered!
Typical "moving average breakout" pattern, bears completely defeated!
3. Sector hotspots + market sentiment ignite
Ranked at the top of the rise list in the "infrastructure" sector, with collective capital inflow into the sector!
Low price launch (previous low $0.547), speculative funds prefer small-cap high-elasticity targets!
"Capital drive + technological breakthrough + sector windfall" Three forces resonate to create a big pump!
Good coins recommended, one rises!
1. Data Pivot: Strong Technical Patterns Lead the Rebound
1. Moving Average Bullish Arrangement
MA(7)=$0.802 > MA(25)=$0.757 > MA(99)=$0.731, the short, medium, and long-term moving averages are in a standard bullish arrangement, indicating a solid upward trend.
2. The verification of both volume and price increase
The 24-hour trading volume reached 18.22 million USDT, significantly increasing compared to the previous day, triggering short covering after breaking through the key resistance level of $0.80.
3. Anti-dip attributes highlighted
During the BTC pullback, API3 held strong at the support level of $0.744 (24-hour low), demonstrating resilience stronger than the market.
2. Reasons for the Rise: The Oracle Sector is Undergoing a Value Reassessment
(1) Industry Catalyst: Chainlink CCIP Ignites Sector Enthusiasm
The leading project Chainlink recently announced the cross-chain interoperability protocol CCIP connecting to public chains such as Avalanche, driving a surge in attention across the entire oracle sector.
API3, as an innovator in first-party oracles, attracts capital migration with its decentralized data source solution.
(2) API3 Fundamental Breakthrough
Airnode V2 Upgrade: The decentralized data relay architecture going live on the mainnet in September significantly reduces the integration costs for dApps.
dAPI service expansion: New top protocols such as Synthetix and Frax Finance adopt its pricing service.
Staking Economy Optimization: DAO governance enhances token circulation efficiency by proposing to reduce the staking unlock period.
The rise of API3 against the market trend is no coincidence; it reflects the market's repricing of the decentralized oracle technology route and serves as a microcosm of value discovery for infrastructure projects in a bear market. Investors should be wary of short-term volatility risks but should pay more attention to its long-term narrative as a core component of the Web3 data layer—when the on-chain world experiences exponential growth in demand for real data, projects deeply engaged in this track will ultimately achieve value return.