The API3 price prediction could set a bullish run if the market can attempt to climb back above the resistance level of $2.0.
API3 Prediction Statistics Data:
- API3 price now – $1.38
- API3 market cap – $5.3 million
- API3 circulating supply – 36.9 million
- API3 total supply – 110.9 million
- API3 Coinmarketcap ranking – #333
Resistance levels: $2.5, $3.0, $3.5
Support levels: $0.5, $0.3, $0.1
According to the daily chart, API3/USD is running a little retracement move toward the 21-day moving average with a price growth of 8.62%. For the fact that the coin is recording some gain, the API3 price may continue to maintain a sideways movement within the channel if the coin can stay above the 9-day and 21-day moving averages. Therefore, traders can expect the price to continue to rise as soon as the bulls put more pressure on the market.
API3 Price Prediction: API3 May Demonstrate Bullish Movement
The API3 price is seen hovering above the 9-day moving average at around $1.38 but if the coin slides below the support level of $1.15, the market price may slide back towards the lower boundary of the channel. But if the price continues to follow the upward movement, traders can then expect a bullish continuation as the technical indicator Relative Strength Index (14) moves to cross above the 50-level, the possible resistance levels could be found at $2.5, $3.0, and $3.5 in the long term.
Moreover, if the coin keeps the bullish movement for the next couple of days, traders may witness more of it reach higher levels. Meanwhile, the API3 price is currently range-bounding in the short term. Inversely, any bearish movement towards the south could roll the coin back to the long-term support levels at $0.5, $0.3, and $0.1.
When compared with Bitcoin, API3 is facing upward movement, trading above the 9-day and 21-day moving averages. In case of a trend reversal, there is a need for an increasing volume and resistance to cause an upsurge in the market. At the moment, the API3 price is hovering around the 774 SAT. Any bearish movement below the current market value may locate the close support at 500 SAT and below.
However, if a bullish move continues to push the price above the moving averages to hit the nearest resistance at 800 SAT; traders can confirm a bull run for the coin and the closest resistance could be located at 1000 SAT and above as the technical indicator Relative Strength Index (14) moves to cross into the overbought region, suggesting bullish movement.
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