API3/USD Shows Positive Signs Near $2.0 Resistance

The API3 price prediction shows that API3 is attempting to cross above the upper boundary of the channel to increase the bullish movement.

API3 Prediction Statistics Data:

• API3 price now – $1.64
• API3 market cap – $116.4 million
• API3 circulating supply – 71.7 million
• API3 total supply – 119 million
• API3 Coinmarketcap ranking – #183

API3/USD Market

Key Levels:

Resistance levels: $2.20, $2.40, $2.60

Support levels: $1.00, $0.80, $0.60

API3/USD peaks at $1.99 today, after which the coin begins to retreat within the channel. Meanwhile, the price not touching the resistance level of $2.0 may ruin the long-term technical picture of the coin. However, the API3 will have to stay above the 9-day and 21-day moving averages in other to guide against the downward pressure while the closest support expects the coin at $1.40, which could be a daily low.

API3 Price Prediction: API3 Likely to Hit $2.5 High

At the time of writing, the API3 price is likely to trend to the upside. However, the movement above the upper boundary of the channel may likely push the coin to the resistance levels of $2.20, $2.40, and $2.60. On the downside, a bearish movement below the 9-day and 21-day moving averages could stop the initial upward movement and create bearish momentum with the focus to bring the market to the next support levels of $1.00, $0.80, and $0.60 respectively.

At the moment, the technical indicator Relative Strength Index (14) moves to cross into the overbought region, which indicates that the market may follow an uptrend. Looking at the daily chart, the 9-day moving average remains above the 21-day moving average which could allow the buyers to concentrate on stirring action to the north.

Against Bitcoin, the API3 price hovers above the 9-day and 21-day moving averages, meanwhile, following the recent positive sign, the API3 price could go down if the sellers sustain the pressure further.

However, if the bears succeeded in breaking below the lower boundary of the channel, the market price may reach the support level at 510 SAT and below. In other words, a positive move could allow the coin to go above the upper boundary of the channel so that the price could hit the resistance level of 1000 SAT and above but, the technical indicator Relative Strength Index (14) is likely to cross above the 60-level which could boost the bullish movement.

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