Here’s a clear market analysis for $API3 /USDT on Binance:
Price Overview: API3 is currently trading at 0.763 USDT (Rs216.3), showing a +5.53% increase, suggesting bullish sentiment.
24h Range: The price has moved between 0.681 (support) and 0.769 (resistance) in the last 24 hours, with the current price sitting close to the resistance zone.
Moving Averages (MAs):
MA(7) = 0.732 → short-term momentum is bullish.
MA(25) = 0.717 → medium-term trend also bullish.
MA(99) = 0.750 → long-term support slightly below the current price.
Since price > all MAs, it indicates a strong upward momentum.
Volume Analysis:
Current volume: 1.24M, which is well above both MA(5) = 373K and MA(10) = 249K, showing heightened trading activity and strong market participation.
24h trading volume: 4.79M (API3), 3.47M (USDT), further reinforcing high liquidity.
📊 Technical Outlook:
API3 is showing short-term bullish strength, with price breaking above key moving averages and strong volume support. If it sustains above 0.750, the next upside target could be 0.78–0.80 USDT. However, if it fails to hold above 0.750, a pullback toward 0.717 (MA25) is possible.
