• API3 price prediction shows that API3 is attempting to cross above the upper boundary of the channel to increase the bullish movement.
• API3 is likely to trend to the upside and could hit the resistance levels of $2.20, $2.40, and $2.60.
• On the downside, a bearish movement below the 9-day and 21-day moving averages could stop the initial upward movement and create bearish momentum.
The API3 price prediction for today, January 21, shows positive signs near the $2.0 resistance level. The API3 price is currently at $1.64, with a market cap of $116.4 million and a circulating supply of 71.7 million coins. The total supply is 119 million coins and its ranking is #183 on Coinmarketcap.
At the time of writing, API3 is attempting to cross above the upper boundary of the channel to increase the bullish movement. The price has peaked at $1.99 today, after which the coin begins to retreat within the channel. However, the API3 will have to stay above the 9-day and 21-day moving averages in order to guide against the downward pressure, while the closest support expects the coin at $1.40, which could be a daily low.
The API3 price prediction suggests that the coin is likely to trend to the upside. If it crosses the upper boundary of the channel, it could hit the resistance levels of $2.20, $2.40, and $2.60. On the other hand, if API3 falls below the 9-day and 21-day moving averages, it could stop the initial upward movement and create bearish momentum with the focus to bring the market to the next support levels of $1.00, $0.80, and $0.60.
Overall, API3 is still in a positive trend and has the potential to reach greater heights. However, the coin has to stay above the resistance level and the moving averages for a sustainable growth. Investors and traders should watch the price action of API3 and use the support and resistance levels to make their decisions.