$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.

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