• API3 is attempting to cross above the upper boundary of the channel to increase the bullish movement.
• The API3 price prediction shows that API3 is likely to trend to the upside, with the potential to reach 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.
Cryptocurrency token API3 is attempting to break through the upper boundary of its current trading channel and push the price upwards. This bullish move is being seen as a positive sign for the coin, which is currently ranking at #183 on Coinmarketcap with a market cap of $116.4 million and a circulating supply of 71.7 million tokens.
Analysts are predicting that if API3 manages to break through this resistance level, it could potentially reach the resistance levels of $2.20, $2.40, and $2.60. This would be a significant increase from its current price of $1.64. In order to keep the bullish momentum going, it is essential that the coin remains above the 9-day and 21-day moving averages. However, if the coin fails to break through the resistance level, it could cause a bearish movement and bring the price down to the next support levels of $1.00, $0.80, and $0.60.
Overall, the API3 price prediction shows that the coin is in a strong position to increase its value and reach the resistance levels of $2.20, $2.40, and $2.60. This could be a significant gain for investors, as it would represent a substantial increase from its current price of $1.64. However, it is important to remember that in order for the coin to reach these resistance levels, it must remain above the 9-day and 21-day moving averages. If the coin fails to do this, it could create a bearish movement and bring the price down to the next support levels.