🚀🔥 $API3 Under the Microscope – Is the Major Uptrend Starting? 🔥🚀
📊 Current Situation:
A strong jump of +64% from $0.84 → $1.86 before stabilizing at $1.35.
Massive trading volume of $755.8M against a market cap of $193M.
Relative Strength Index (RSI) = 61 → Upward momentum with moderate buying.
⚡️ Market Catalysts:
Technical breakout above the 200-day moving average.
New listing on Upbit increased liquidity and trading.
Whale accumulation continues on the chain.
Increasing demand for decentralized oracle solutions in Web3 applications.
🎯 Critical Levels:
Support: $1 (psychological), $0.77 (previous resistance).
Resistance: $1.50 and $1.86 (the recent peak).
MACD remains positive, hinting at additional momentum.
💬 Community Outlook:
High optimism at 76.8% across more than 600 positive posts on Binance Square.
The community is focusing on sustainability above $1 and attracting institutions.
The idea of decentralization and transparency of API3 is gaining popularity among developers.
⚠️ The Question Now:
Will API3 maintain its level above $1 and pave the way for a new upward wave? Or are we facing a temporary peak?
