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In the past 2 or 3 days, the API3 market has been putting on strong efforts aimed at regaining its bullish position in the market. However, the selling pressure has been very responsive to the bullish move. Despite this, the buyers were able to conserve a measure of the bullish price in each of the recent trading sessions. This, therefore, results in a steady appreciation of the price.
API3 Market Price Statistic:
- API3/USD price now: $1.55
- API3/USD market cap: $165,894,645
- API3/USD circulating supply:127,244,443.00
- API3/USD total supply: 244,542,059
- API3/USD coin market ranking: #136
Key Levels
- Resistance: $1.60, $1.70, $1.80
- Support: $1.30, $1.25, $1.20
API3 Market Price Analysis: The Indicators’ Point of View
In today’s market, buyers aggressively drive the price to the height of $1.8 price level, breaking some resistance levels along the way. But at this point, many traders took a short position as they took their profits and the price fell back below the $1.6 price level. The $1.6 price level is a major resistance level that must be broken by the bull market if they must make the price channel move in an uptrend pattern. After the price action moves above the 20-day moving average, the Bollinger bands assume a horizontal moving pattern. This can change to an upward-moving price channel if the resistance level is captured. For now, the market price is balanced at the midrange of the market – between the buyers and the sellers. In confirmation of this, the RSI measures 51 for the momentum of the market.
API3/USD 4-Hour Chart Outlook
Looking carefully at the market from the 4-hour session standpoint, one can speculate that the market will continue to trend upward. The API3 bulls were able to secure 2 support levels for the market so far today. The recent support that should give the buyers an edge in the next session is at the $1.5 price level. Therefore the next stop for the market may be the $1.8 price level.
API3 has been maintaining a steady upside-moving trend with the possibility of progressive bullish price advancement. But considering the new crypto project – Dash 2 Trade, one can easily predict that the project promises to be profitable for traders. A new platform now needs to be well-developed to help traders reduce loss. The FTX disaster shows that there is a need for a cutting-edge and innovative platform that can identify quickly disasters that are similar to FTX/FTT, and enable speculators to pinpoint safer trading signals that will ensure huge returns. The platform is Dash 2 Trade (D2T), whose presale is currently ongoing. The presale has realized about $7.5 million. D2T affiliate program is also open to all. You can earn your share of the revenue by using the Dash 2 Trade referral links!
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