$API3 /USDT Market Overview
Current Price: $1.256
24h High: $1.400
24h Low: $0.835
24h Volume (API3): 57.81M
24h Volume (USDT): 70.44M
Technical Analysis
1. Price Action & Key Levels
All-Time High (ATH): Recently touched $1.400
Support Levels: Around $0.723 - $0.902
Resistance Level: $1.400 (current ATH)
2. Indicators
Parabolic SAR: Trending below the price, indicating a bullish trend.
Moving Average (MA5): $1.713M volume, showing increased buying pressure.
Volume: A significant spike, confirming strong interest from traders.
MACD:
DIF: 0.086
MACD Line: -0.010
Suggests potential short-term consolidation before another move.
Future Trading Setup
Spot Trading
Bullish Scenario:
Buy near $1.256 - $1.30 with a target of $1.40+.
Stop-loss: Below $1.10.
Bearish Scenario:
If the price breaks below $1.10, expect a retrace to $0.90 - $0.75.
Futures Trading Setup
Long Entry: $1.25 - $1.28, Target: $1.40 - $1.50, Stop: $1.10.
Short Entry: If rejection at $1.40, Target: $1.10, Stop: $1.45.
Market Sentiment & Outlook
Overall Trend: Bullish, but facing strong resistance at $1.40.
If it breaks and holds above $1.40, expect further bullish momentum.
If rejected, expect a short-term correction before another breakout attempt.
Next Move: Watch for volume confirmation and breakout above $1.40 for continuation.
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