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Price action in the API3USDT market has pushed through a key resistance level. As a result, the token has a higher potential of extending the upside correction towards the $1,200 mark. Let’s examine the possibility of this happening.
API3 Statistics:
API3 Value Now: $1.130
API3 Protocol Market Cap: $96,629,996
API3 Circulating Supply: 86,421,978
API3 Protocol Total Supply: 125,324,588
API3 CoinMarketCap Ranking: 193
Major Price Levels:
Top: $1.130, $1.200, and $1.260
Base: $1.100, $1.050, and $1.000
API3USDT Buyers Are Increasing Their Chances of Recording Additional Profits
The API3USDT price action has just pushed through the middle band of the Bollinger Bands indicator. Also, the look of the price candle that represents the ongoing session suggests that there is still enough momentum to raise prices further in this market.
This is revealed as the price candle lacks an upper shadow and is of considerable size. Meanwhile, the Relative Strength Index (RSI) continues to trend upward above the 50 level. Consequently, this attests to the fact that buyers are stronger at this point.
API3 Continues to Close in on the $1.140 Mark
On the API3 4-hour market, price behavior suggests that this token seems to be preparing to break into the price range of $1.140 to $1.200. The last price candle on this change has its upper shadow already above the $1.140 mark, while the token trades at the $1.135 mark, above the uppermost limit of the Bollinger Bands.
Simultaneously, the RSI indicator is about to deliver yet another bullish crossover above the 80 mark of the indicator. This shows that price action may gain additional upside momentum with which it will rise further, perhaps through $1.200 at the very least.
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