$API3 price is currently $0.3961 (Rs110.82), a correction of -8.71% has occurred in the last 24 hours. The market feels a bit bearish but this infrastructure coin is strong for the long term.
The 24h high was 0.4478 and the low was 0.3915, the price is currently around this support. If it holds at 0.3915, there is hope for recovery; otherwise, the next support is at 0.3904. The upper resistance is around 0.413 where MA(99) is also present, and then a target can be set up to 0.428.
Volume is 2.92M API3, there is a bit of selling pressure but confirmation is still needed for a major breakout or breakdown. MA(7) and MA(25) are also close together, the crossover could be decisive.
Overall sentiment is neutral, act with patience and make sure to set your stop-loss!
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