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API3/USD Bulls Making a Weak Attempt to Recover the Bullish Price

API3/USD Bulls Making a Weak Attempt to Recover the Bullish Price

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API3 Price Analysis for September 17: API3/USD Bulls Weakly Trying to Raise Price

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API3 Price Analysis for September 17: API3/USD Bulls Weakly Trying to Raise Price

The battle between supply and demand has kept API3/USD between $1.500000 and $2.000000. And since the price action reached the support level of $1.532983, it is highly likely that the price will bounce higher to seek higher resistance. But this upward attempt at price recovery appears to be weak. And as a result, bulls and bears are pitted against each other.

API3 market price statistics:

  • API3/USD price now: $1.558000
  • API3/USD market cap: $ 87,895,228
  • API3 /USD circulating supply: 56,547,601.00
  • API3 /USD total supply: 114,855,860
  • API3 /USD coin market rank: #265

Key levels

  • Resistance: $1.782156, $2.000000, $2.308361
  • Support: $1.361677, $1.205944, $1.050211

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API3 Market Price Analysis: An Indicators Perspective

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As the struggle between buyers and sellers continues, the price continues to move in a downward trend. The moving average convergence and divergence histogram representing today’s trading session so far is still bearish. As for the MACD indicator, this bullish candlestick on the daily chart cannot be counted for now; In general, the market is still considered to be in a downward trend. More buying pressure is still needed to lift this market.

API3 Price Analysis for September 17: API3/USD Bulls Weakly Trying to Raise Price

API3 /USD 4 Hour Chart Outlook

The last 4-hour session of yesterday’s market ended in favor of the bears. The first 4-hour session for today’s market action ended with strong market indecision. Buyers strengthened in the second session and lost to sellers in the third session. In this time frame, we can see that the price will continue to consolidate. From the point of view of the indicators, the price is now sideways below the strong market area. Both buying and selling pressures are not showing much of the strength needed to decide the direction of this market.

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