$API3 Bear Pressure Eases: Can Bulls Reclaim $0.84 or Is More Downside Ahead?
API3 is trading at $0.836, down 8.33% on the day. After hitting a low of $0.816, the token is attempting to stabilize near a short-term support zone. However, the price remains capped below the key resistance at $0.840, leaving the market in a wait-and-see phase.
Key Levels to Watch
• Resistance Zone: $0.840 – $0.860
A breakout above this could initiate upside toward:
• Target 1: $0.890
• Target 2: $0.920
• Support Zone: $0.825 – $0.816 (24h Low)
Breakdown here could expose API3 to:
• Target 1: $0.790
• Target 2: $0.765
Trade Setup – Watch for Directional Confirmation
• Bullish Entry: Close above $0.840 with increasing volume
• Target 1: $0.890
• Target 2: $0.920
• Bearish Entry: Drop below $0.816 support
• Target 1: $0.790
• Target 2: $0.765
Final Take:
API3 is attempting a base formation after a sharp pullback. A strong reclaim of $0.840 could flip momentum back to the upside, while another failure at support may extend the downtrend. Keep a close eye on volume—this range is tightening fast.