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$API3 /USDT TECHNICAL ANALYSIS: BULLISH MOMENTUM CONTINUES! 🚨
$API3 /USDT is trading at $2.354, up by 13.88% in the last 24 hours. After reaching a 24-hour high of $2.507, the price is consolidating slightly, suggesting a potential continuation of its upward momentum. Here’s what to monitor:
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Key Levels and 3 Targets
1️⃣ Immediate Resistance: $2.500
A breakout above this level could signal a continuation of the bullish trend, potentially attracting more buyers.
2️⃣ First Target: $2.700
If API3 breaks past $2.500, it is likely to target $2.700, where traders could expect strong resistance.
3️⃣ Second Target: $2.950
Sustained bullish momentum could push API3 toward $2.950, a significant resistance point from previous price action.
4️⃣ Support Zone: $2.300
On the downside, $2.300 acts as the first support level. A breakdown here might lead to further correction toward $2.100.
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Technical Insights
Trend: Bullish, supported by high trading volume and consistent price increases.
Indicators: RSI nearing overbought territory, indicating potential for a short-term pullback before further upward movement.
Volatility: Moderate – watch for sharp moves as API3 approaches key resistance levels.
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Trading Strategy
💡 Bullish Play:
Entry: Above $2.500
Targets: $2.700, $2.950
Stop-Loss: Below $2.350
💡 Bearish Play:
Entry: Below $2.300
Targets: $2.100, $2.000
Stop-Loss: Above $2.400
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API3 is poised for its next big move—stay vigilant as it tests key levels!
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