API3USDT Faces Ongoing Challenges

The trading session today in the API3USDT market has shown notable gains, but it hasn’t been without its share of losses caused by headwinds. Technical indicators continue to suggest that upward forces are still in play and may lead to further price increases.

Key API3 Statistics:
Current API3 Value: $0.1046
API3 Market Cap: $91,105,683
Circulating Supply of API3: 86,421,978
Total Supply of API3: 125,324,588
API3 CoinMarketCap Ranking: 200

Key Price Levels:
Resistance: $0.1046, $0.1080, and $0.1120
Support: $0.1010, $0.1000, and $0.0970

API3USDT Maintains Upside Potential

In the current session of the API3USDT daily market, a moderately-sized bullish price candle with a long upper shadow represents the trading activity. Although trading has been below the 21-day Moving Average (MA) lines for the past twelve sessions, today’s session has made an attempt to break that pattern.

However, the upper shadow on the last price candle indicates that API3 has experienced some losses. Nevertheless, the Stochastic Relative Strength Index (RSI) indicator curves continue to rise despite the observed losses. As a result, it is reasonable to conclude that prices might still correct towards higher levels in the upcoming sessions.

API3 May Experience Additional Price Gains

In a shorter time frame, headwinds have led to a significant price decline in the last 4 hours. In this context, the last price candle reveals that the most significant profit gained in the past 4 hours has been lost, as the last price candle features a very small body and a long upper shadow.

Nevertheless, price action remains above the MA line, while the RSI lines are converging for another upward crossover in the overbought region. Consequently, API3’s price may be propelled toward the $1.100 mark.

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