API3USDT Sustains Above the $1.700 Mark

Price action in the API3USDT market has generally trended upwards since breaking out of the $1.050 resistance. Though there have been some interruptions along the way, the market has bounced back, and the token now trades above the $1.600 threshold. Further activity may yet occur in this market.

Key API3 Statistics:
Current API3 Value: $1.730
API3 Market Cap: $148,756,480
API3 Circulating Supply: 86,421,978
Total Supply of API3: 125,324,588
API3 CoinMarketCap Ranking: 259

Key Price Levels:
Resistance: $1.730, $1.800, and $1.900
Support: $1.700, $1.600, and $1.500

API3USDT Buyers’ Grip Initiates Positive Price Contractions

Today’s trading session in the API3 has revealed that buyers have made impressive gains. Buyers are ready to retain dominance, evident through the short upper shadow above the last price candle compared to the one below it. Nevertheless, the mentioned price candle remains green, indicating that the session is favorable to buyers.

Meanwhile, the Moving Average Convergence Divergence (MACD) indicator lines are still trending slightly upward. Traders should take note of the appearance of the MACD bars, which are now pale green, indicating that buyers are encountering some resistance. Traders should enter the market adequately prepared for eventualities.

API3USDT Retains Upside Hopes in the Face of a Downward Correction

In the 4-hour API3USDT market, price movements face rejection in the current session, with a small red price candle representing the ongoing session. However, the token continues to trade above the middle limit of the Bollinger Bands indicator, serving as a shield and offering more confidence to re-entering traders.

The MACD lines are still approaching a bullish crossover as the lines continue to converge. The MACD bars are getting shorter, attesting to the fact that downward forces are losing momentum. Therefore, traders may witness a continued correction towards the $1.800 mark.

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