The $API3 /USDT trading chart on Binance shows a strong upward movement, with the current price at 0.898 USDT (Rs254.57), reflecting a significant 16.93% gain. Over the past 24 hours, the price fluctuated between a low of 0.744 USDT and a high of 0.899 USDT, indicating substantial bullish momentum. This sharp increase suggests heightened market interest and buying activity in API3, which is a decentralized oracle network providing reliable real-world data for smart contracts.
Trading volume is also notable, with 15.46M API3 tokens exchanged alongside 12.56M USDT, highlighting active participation from traders. The moving averages further support the bullish trend, with MA(7) at 0.814, MA(25) at 0.791, and MA(99) at 0.753, all below the current price, suggesting that short-term momentum is strong and the asset is trading above its recent averages. This combination of price action, volume, and moving averages indicates a strong upward trajectory for API3 in the short term.