API3 Price Prediction for Today, November 28: API3/USD Eyes $1.6

In the past 2 or 3 days, the API3 market has been putting on strong efforts aimed at regaining its bullish position in the market. However, the selling pressure has been very responsive to the bullish move. Despite this, the buyers were able to conserve a measure of the bullish price in each of the recent trading sessions. This, therefore, results in a steady appreciation of the price.

API3 Market Price Statistic:

• API3/USD price now: $1.55
• API3/USD market cap: $165,894,645
• API3/USD circulating supply:127,244,443.00
• API3/USD total supply: 244,542,059
• API3/USD coin market ranking: #136

Key Levels

• Resistance: $1.60, $1.70, $1.80
• Support: $1.30, $1.25, $1.20

API3 Market Price Analysis: The Indicators’ Point of View

In today’s market, buyers aggressively drive the price to the height of $1.8 price level, breaking some resistance levels along the way. But at this point, many traders took a short position as they took their profits and the price fell back below the $1.6 price level. The $1.6 price level is a major resistance level that must be broken by the bull market if they must make the price channel move in an uptrend pattern. After the price action moves above the 20-day moving average, the Bollinger bands assume a horizontal moving pattern. This can change to an upward-moving price channel if the resistance level is captured. For now, the market price is balanced at the midrange of the market – between the buyers and the sellers. In confirmation of this, the RSI measures 51 for the momentum of the market.

API3/USD 4-Hour Chart Outlook

 Looking carefully at the market from the 4-hour session standpoint, one can speculate that the market will continue to trend upward. The API3 bulls were able to secure 2 support levels for the market so far today. The recent support that should give the buyers an edge in the next session is at the $1.5 price level. Therefore the next stop for the market may be the $1.8 price level.

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