In this API3 technical analysis, we will examine the current price action, trading volume, key levels and indicators for API3-BTC. API3 is a decentralized platform that enables the creation, management, and execution of smart contracts on the Ethereum blockchain. It provides a modular architecture for building decentralized applications (dApps) and allows developers to focus on writing code without worrying about the underlying infrastructure. With API3, developers can easily integrate various services such as identity verification, payment gateways, and data storage into their dApps, making them more robust and user-friendly.
API3 Price Overview:
As of September 22, 2023, API3 is trading at approximately 4e-05 BTC. Let’s dive into the detailed price action for API3-BTC:
| Metric | Value |
|---|---|
| Open (O) | 4e-05 |
| High (H) | 4e-05 |
| Low (L) | 4e-05 |
| Close (C) | 4e-05 |
| Volume (C) | 76,639.35 |
- Open (O): The opening price for today’s trading session was approximately 4e-05 BTC.
- High (H): API3 reached a daily high of around 4e-05 BTC.
- Low (L): The daily low for API3-BTC was approximately 4e-05 BTC.
- Close (C): At the time of analysis, API3 is trading near its daily close of 4e-05 BTC.
| Metric | Value |
|---|---|
| 1D Change (%) | 0.10% |
| 3D Change (%) | 4.31% |
| 7D Change (%) | 0.39% |
| 30D Change (%) | 16.43% |
| 90D Change (%) | 22.32% |
| YTD Change (%) | -32.11% |
Over the past three days, API3BTC has increased by approximately 4.31%, showcasing increased market volatility. Throughout the last week, it continued to increase, with a gain of around 0.39%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with API3BTC maintaining an upward trend of approximately 16.43%, despite intermittent fluctuations. Examining the last 90 days, API3BTC has witnessed substantial rise of approximately 22.32%, reflecting strong long-term confidence. Year-to-date, API3BTC has steadily declined by around -32.11%, 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 1.02974.
- Momentum score is 0.16433.
API3 BTC Technical Analysis
API3 Trading Volume:
The trading volume for API3 (API3) over the past 24 hours has been insignificant, with approximately 76,639.35 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 below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): API3 is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for API3-BTC is currently in the neutral zone, around 52.64652. This suggests that API3 is in range-bound territory.
Analysis from TradingView:
Our Key Takeaways:
API3 (API3-BTC) is currently exhibiting signs of short-term bearish 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 neutral RSI and insignificant trading volume are neutral signals for potential sideways movement.
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.
