API3/USD Bulls Getting Stronger by the Day

The $1.53 support price for API3 was established on the 15th of October. And from that moment on, bulls have steadily gained ground in the market. The progressive bullish victory, however, was resisted on the 30th of October at the $1.800 price level, but the bulls quickly recovered and took up their pace because the amount of buyers of the crypto continues to increase from the 31st. So the price action did not only break the $1.800 price level, but it also breaks the $1.900 price level.

API3 Market Price Statistic:

• API3/USD price now: $2.199
• API3/USD market cap: $ 123,649,403
• API3/USD circulating supply: 56,547,601.00
• API3/USD total supply: 114,855,860
• API3/USD coin market ranking: #179

Key Levels

• Resistance: $2.400, $2.500, $2.600
• Support: $1.800, $1.700, $1.600

API3 Market Price Analysis: The Indicators Point of View

On the 15th of October and at the support price level of $1.53, the API3 market began its journey to the upside. It was consistently progressive as the bulls achieve new price levels daily. On the 23rd of October, the price action came up above the moving average of the Bollinger indicator. Yet, the basis curve or the Bollinger MA did not respond to the price activities until the 31st of October. With this steady increase in the bullish price momentum, it is likely the trend continue. 

API3/USD 4-Hour Chart Outlook

So far, the two sessions in the days market have been bullish. In the second trading session, we saw a very bullish trend. The bullish price of the market reached $2.400, but towards the end of that session, the price pulled back to $2.200. At this point in the market, there is a great struggle between demand and supply. But it looks like the bulls are forming strong support for the price at $2.200 

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