The API3 price prediction shows that API3 breaks above the upper boundary of the channel to touch the daily high of $1.91.

API3 Prediction Statistics Data:

• API3 price now – $1.51
• API3 market cap – $134.9 million
• API3 circulating supply – 86.4 million
• API3 total supply – 125.3 million
• API3 Coinmarketcap ranking – #196

API3/USD Market

Key Levels:

Resistance levels: $2.00, $2.10, $2.20

Support levels: $1.00, $0.90, $0.80

Looking at the daily chart, API3/USD spikes above the 9-day and 21-day moving averages as the coin hit gains of over 12.47% in the last 24 hours. The coin may need to cross and stay above the upper boundary of the channel; this can only be achieved if the bulls increase the buying pressure within the channel.

API3 Price Prediction: API3 Could Target a $2.0 Resistance Level

The API3 price keeps moving with high pressure near the upper boundary of the channel. Meanwhile, with the look of things, it is likely that the coin will create additional gains if the bulls begin to dominate the market. However, API3/USD is now roaming around the $1.51 level, but if the market continues the surge and squeeze; the $1.95 resistance level may surface in the next few positive moves. Similarly, API3 might further look for higher levels if the bulls show commitment.

Nevertheless, the market is currently displaying a sign of subduing volatility with prices staying above the moving averages. Therefore, if API3/USD decides to stay under the control of the bulls, the price may spike to the potential resistance levels at $2.00, $2.10, and $2.20. But on the downside, any movement toward the lower boundary of the channel may bring the price to the support levels of $1.00, $0.90, and $0.80 respectively.

API3/BTC Keeps Maintaining the Bullish Movement

Against Bitcoin, the API3 price is trading bullishly as the coin touches the daily high at 5500 SAT. However, if the coin slides below the 9-day and 21-day moving averages, the price could eventually close below the lower boundary of the channel, therefore, there might not be any reason to expect a long-term bullish reversal.

Moreover, if the coin faces the south, it could refresh lows under 4000 SAT and a possible bearish movement may meet the major support at 3100 SAT and below while the buyers could push the market to the potential resistance at 6100 SAT and above as the 9-day MA crosses above the 21-day MA.

Alternatives to API3

The API3 price keeps moving with high pressure around the upper boundary of the channel. The coin is now roaming around the $1.51 level, but if the market continues the surge and squeeze; the $1.90 resistance level may resurface in the next few positive moves. Similarly, API3 (API3) might further look for higher levels if the bulls show commitment. However, if the bulls put in more effort, the next potential resistance level could be at $2.0.

Meanwhile, both API3 and Bitcoin Minetrix ($BTCMTX) are offering compelling opportunities in the cryptocurrency sector. While API3 has an established presence, $BTCMTX, in its early stages, has already secured over $3.60 million in its presale phase. Although, API3 is currently experiencing upward pressure in its price trend, suggesting potential gains. Yet, investors should also recognize the promising growth potential of $BTCMTX, making it a unique and advantageous prospect. Therefore, it’s prudent for investors to carefully evaluate both options and make well-informed decisions before these opportunities evolve further.

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• Source: https://insidebitcoins.com/news/api3-price-prediction-for-today-november-7-api3-technical-analysis