API3/USD bulls are making a weak attempt to find the price of the bull

The struggle between demand and supply API3/USD has kept the price between $1.500000 and $2.000000. And as the price action reaches the support level of $1.532983, the price may move higher to look for higher resistance. But this attempt at price recovery seems weak. And because of this, the bulls and the bears catch each other.

API3 Market Price Statistics:

• API3/Dollar price now: $1.558000
• API3/USD market price: $ 87,895,228
• API3 / USD circulating supply: 56,547,601.00
• API3 / USD Total Supply: 114,855,860
• API3 / USD Coin Market Rank: #265

Key steps

• Resistance: $1.782156, $2.000000, $2.308361
• Support: $1.361677, $1.205944, $1.050211

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API3 Market Value Analysis: Indicators View

As the struggle between buyers and sellers continues, the price will continue to move in the lower trending region. The moving average convergence and divergence histogram representing today’s trading session has been weak so far. As far as the MACD indicator, for now, this bullish candle on the daily chart cannot be counted; Overall, the market is still considered sluggish. More buying pressure is still needed to push this market higher.

API3 / USD 4-hour chart view

The last 4 hours session of yesterday’s market closed in bearish support. The first 4-hour session for today’s market activity was closed with a strong market deficit. In the second session, the buyers got stronger and in the third session, they lost to the sellers. In this time frame, we can see that the price continues to strengthen. From the perspective of the indicators, the price will now be sideways below the strong market zone. Both buying pressure and selling pressure do not show the strength needed to determine the direction of this market.

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