🚀 API3/USDT Analysis: Massive Recovery in Progress!
API3 is showing strong bullish momentum today, rebounding sharply from its recent lows. Here is a quick breakdown of what the chart is telling us:
Key Highlights:
Price Action: The token is currently trading at $0.3705, marking a solid +28.51% gain in the last 24 hours.
The Rebound: After touching a local bottom at $0.2500, a massive green "buy" candle has pushed the price back above the $0.35 level.
Volume Spike: 24h trading volume has surged to 25.05M API3, showing significant trader interest and liquidity entering the market.
Resistance & Support: * Resistance: The immediate target for bulls is to break and hold above the $0.4600 (24h high) to aim for the $0.50+ zone.
Support: Strong support has now been established at the $0.2792 - $0.2500 area.
Market Sentiment:
The long upper wick on the current candle suggests some profit-taking near the $0.46 level, but the overall trend has shifted from bearish to aggressively bullish in the short term. As long as the price stays above $0.35, the momentum remains upward.
What’s your move? Are you longing the breakout or waiting for a retest? 👇
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