API3USDT Bulls Make a Sharp Recovery

Bulls in the API3USDT market have been able to maintain the market on an upward path ever since price action broke through the $2.503 resistance price level. Bears tried to plunge the market, but upside forces were up and active, and such were able to successfully prevent that.

API3 Statistics:
Current API3 Value: $3.480
API3 Market Cap: $299.19 million
API3 Circulating Supply: 86.42 million
API3 Total Supply: 125.32 million
API3 CoinMarketCap Rank: 247

Key Price Levels:
Resistance: $4.00, $4.500, and $5.000
Support: $3.500, $3.000, and $2.500

API3USDT Bulls Display a Response to Downward Forces

While the API3USDT market on the daily chart maintains an overall upward trajectory, headwinds have attempted to dissuade it from its course but failed. The previous session saw a sharp downward correction, but today’s trading activity has responded with an impressive magnitude of recovery. Consequently, this has pushed the market back upward above the Exponential Moving Average (EMA) curve.

Likewise, the Moving Average Convergence Divergence (MACD) lines are above the equilibrium level and are trending upward. Also, the last bar of the indicator on this chart shows that bullish momentum is quite healthy and may cause further price increases. So traders might want to stick to crypto signals with higher targets here.

API3USDT Market Continues Upward Above the 20-Day EMA

Staying in line with the prevalent bullish sentiment in this market, price action in the API3USDT market has continued to rise upwards. The previous session saw prices rise above the 20-day EMA line, while the current session has continued above. Meanwhile, the MACD indicator lines are showing some consistency by staying above the equilibrium level even on a 4-hour price chart.

Additionally, the lines of this indicator can be seen coming closer to each other, while the bars of the indicator are now pale red. Technically, upside forces are still prevailing in this market. Consequently, this suggests that the price of the token may be set to hit the $3.600 mark soon.

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