API3 has made a remarkable 20% gain in the past 24 hrs, trading at $2.07 at press time, as market sentiment shift in a positive direction.
has made a remarkable 20% gain in the past 24 hours, trading at $2.07 at press time, as market sentiment appears to shift in a more positive direction. This surge has many wondering whether the rally will continue or if a reversal is on the horizon.
Therefore, if API3 breaks above this level, a bullish continuation toward $4.00 seems likely. This price action suggests that API3 could see further gains in the short term, provided the resistance at $2.20 is cleared. Additionally, the MACD has recently shown a bullish crossover, a strong signal that momentum could continue building. These indicators align with the idea of further upside potential, especially if the breakout above $2.20 happens.At 37.09%, API3’s Daily Active Addresses show a notable divergence from the current price action. This divergence suggests that the token’s price might be outpacing its network growth, which could indicate overextension.
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