$API3 delivered one of the strongest moves in the market today, soaring more than +66% at its peak and touching a 24-hour high of $1.861. The sudden spike drew heavy attention from traders, but just as quickly, profit-taking kicked in, pushing the price back down to the $1.38 zone. Despite the retracement, API3 is still holding impressive gains of +58% over the last 24 hours.
This kind of price action reflects classic volatility — rapid upside momentum followed by selling pressure as short-term holders lock in profits. The key area to watch now is the $1.45–$1.50 resistance zone. If bulls manage to reclaim and hold above it, fresh momentum could fuel another leg higher. However, failure to break through this zone could leave the token vulnerable to further downside moves.
On the support side, immediate levels stand around $1.32 and $1.22, with a deeper safety net near $1.10. These levels may attract dip-buyers, but if selling accelerates, API3 could retest them sooner rather than later.
For now, sentiment remains mixed — traders are divided between bulls looking for a continuation breakout and bears betting on a deeper correction. Market volume remains high, suggesting strong interest, but the fading momentum signals caution in the short term.
📊 All eyes are on whether API3 can stabilize and form a new base, or if today’s spike turns into a classic “pump-and-fade” scenario.
