API3 BTC API3 Technical Analysis

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By Frans van Elst

API3 logo In this API3 technical analysis, we will examine the current price action, trading volume, key levels and indicators for API3-BTC. API3 is an innovative blockchain-based platform that enables developers to easily build and deploy decentralized APIs. By leveraging the power of smart contracts, API3 provides a secure and transparent way for developers to monetize their APIs and access a wide range of blockchain-based services. With its user-friendly interface and robust set of tools, API3 is poised to revolutionize the way we think about API development and management.

API3 Price Overview:

As of June 07, 2024, API3 is trading at approximately 5e-05 BTC. Let’s dive into the detailed price action for API3-BTC:

Unlock potential gains in API3 (API3BTC) at 4.86e-05 BTC with bullish technical analysis, showcasing robust support and encouraging indicators.

Metric Value
Open (O) 5e-05
High (H) 5e-05
Low (L) 5e-05
Close (C) 5e-05
Volume (C) 37,285.96
  • Open (O): The opening price for today’s trading session was approximately 5e-05 BTC.
  • High (H): API3 reached a daily high of around 5e-05 BTC.
  • Low (L): The daily low for API3-BTC was approximately 5e-05 BTC.
  • Close (C): At the time of analysis, API3 is trading near its daily close of 5e-05 BTC.
Metric Value
1D Change (%) -2.04%
3D Change (%) 5.24%
7D Change (%) 6.37%
30D Change (%) 16.13%
90D Change (%) -13.35%
YTD Change (%) 3.05%

Over the past three days, API3BTC has risen by approximately 5.24%, showcasing increased market volatility. Throughout the last week, it continued to increase, with a gain of around 6.37%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with API3BTC maintaining an upward trend of approximately 16.13%, despite intermittent fluctuations. Examining the last 90 days, API3BTC has witnessed substantial drop of approximately -13.35%, reflecting strong long-term confidence. Year-to-date, API3BTC has steadily appreciated by around 3.05%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.

API3 Live Chart:

You can access a live price chart for API3-BTC on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.

Price Volatility and Momentum:

  • Volatility score is 0.67232.
  • Momentum score is 0.27418.

API3 BTC Technical Analysis

API3 Trading Volume:

The trading volume for API3 (API3) over the past 24 hours has been insignificant, with approximately 37,285.96 BTC traded against API3. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.

Moving Averages:

  • 50-day Simple Moving Average (SMA): API3 is currently trading above the 50-day SMA, indicating short-term bullish momentum.
  • 200-day Simple Moving Average (SMA): API3 is also trading above the 200-day SMA, indicating a positive long-term outlook.

Relative Strength Index (RSI):

  • The RSI30 for API3-BTC is currently in the high zone, around 56.50381. This suggests that API3 is in bullish territory.

Analysis from TradingView:

Our Key Takeaways:

API3 (API3-BTC) is currently exhibiting signs of short-term bullish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the BTC monthly resistance level and the BTC support level for potential trading opportunities. Additionally, the high RSI and insignificant trading volume are high signals for potential upward movement.

Unlock potential gains in API3 (API3BTC) at 4.86e-05 BTC with bullish technical analysis, showcasing robust support and encouraging indicators.

For a deeper dive into the subject, don’t miss our comprehensive analysis on API3 USDT API3 Technical Analysis if you found this post intriguing.

Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.

Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.

Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.

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