The API3 token may be the most under-appreciated token in the world. That’s because the blockchain data marketplace API3 has created is so good, it doubles as a product. The API3 marketplace has already partnered with over 800 clients, including the U.S. Department of Defense. But, the API3 token has yet to undergo a price surge that should have happened by now. That’s because it’s being held back by the market’s current valuation, which may be artificially suppressed by other tokens.
The API3 cryptocurrency is a new kind of cryptocurrency with a built-in price prediction utility. The API3 price prediction algorithm predicts the price of API3 in order to help users determine if it’s a good investment. The algorithm is a type of Artificial Intelligence known as a “non-linear” algorithm. The algorithm may predict the price of API3 in the future to help traders and investors determine if it is a good investment or not.
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- The price range for a bullish API3 forecast is $6.05 to $10.65.
- API3 pricing may potentially approach $15 in the near future.
- API3 forecasts a $2.34 negative market price in 2021.
We utilize data, price trends, RSI, and other information about API3 to evaluate the cryptocurrency’s future movement in API3 price forecast 2021.
Application programming interfaces (APIs) have been offered as a remedy to the problem of smart contracts not being able to obtain reliable information. Furthermore, the API3’s goal is to improve decentralized API development, management, and monetization at scale.
More so, as blockchain technology continues to play an increasingly important role in the economy, from decentralized banking to supply chain management. Furthermore, the team behind this initiative claims that smart contracts have never been more essential for providing “timely, accurate real-world data.”
Let’s take a look at the API3 pricing forecast for 2021.
API3’s Current Market Situation (API3)
At the time of writing, the API3 price was $5.43, with a 24-hour trading volume of $7,722,286, according to CoinGecko. In the past 24 hours, API3 has dropped by 4.94 percent.
API3 now trades on OKEx, Huobi Global, Hotcoin Global, ZT, and KuCoin, among other cryptocurrency exchanges.
Price Prediction for API3 (API3) in 2021
On CoinGecko, API3 (API3) is now ranked 446th. API3 pricing forecast for 2021 with a daily time period is shown below.
Descending Triangle Pattern in API3/USDT (Source: TradingView)
The graph above depicts API3’s falling triangle pattern. During downtrends, the descending triangle is most frequently observed and is generally taken as a negative indicator. The counterpart of the ascending triangle pattern is the falling triangle pattern.
Descending triangles signal to investors and traders that buying are less aggressive than sellers as the market continues to hit lower lows. A descending triangle can be bullish or bearish, contrary to popular belief. A bearish chart pattern that is formed by a consistent descending triangle formation. On the other side, a descending triangle pattern may be bullish.
API3 is now trading at $5.43. Following that, API3 may continue to decline or increase, depending on the breakout direction. API3 may soon hit the $5.8 resistance level if this pattern holds. If the trend continues, the price of API3 may drop below $1.8.
Support and Resistance Levels for API3 (API3)
The API3ow chart depicts the API3ow support and resistance levels (API3).
Support and Resistance Levels for API3/USDT (Source: TradingView)
The following are the resistance and support levels of API3 as determined by the preceding chart (API3).
- $6.05 is the first level of resistance.
- Level 2 Resistance – $7.83
- $10.65 is the next level of resistance.
- Level 1 Support – $3.87
- $2.34 for Level 2 Support
- $1.49 is the next support level.
The graph shows API3’s positive performance during the preceding month. This trend, however, will eventually hit a resistance level at $10.65. Furthermore, if the trend were to reverse, API3 might fall below $2.34, indicating a negative indication.
Average Directional Index API3 (API3) (ADX)
Let’s have a look at the Average Directional Index (ADI) of the API (ADX). The ADX, in particular, aids traders in assessing the strength of a trend as opposed to its direction. It may also be used to see whether the market is shifting or if a new trend is forming. However, it is connected to the Directional Movement Index (DMI).
The oscillator also has a range of 0 to 100. Furthermore, a high number indicates a strong trend, while a low value indicates a weak trend. It’s also often used in conjunction with directional indicators.
The ADX of API3 is shown in the graph above. API3 is now hovering at 39.24, indicating a significant upward trend. This indicates that the ADX price may become bullish in the future.
API3 is a cryptocurrency that is ideal for long-term investment. Furthermore, the API3 price forecast is positive in the near future. By the end of the year, it has a strong probability of hitting $7.83. This is especially true if numerous prior psychological obstacles are overcome.
Furthermore, with the advances and updates to the API3 ecosystem, API3’s performance is expected to increase to $10.65 in the near future. However, if investors think API3 is a solid investment in 2021, it might reach $15.
Disclaimer: The views stated in this graph are entirely those of the author. It should not be construed as investment advice. Before investing, TheNewsCrypto staff advises everyone to conduct their own research.
The price of API3 has been steadily rising during recent months, and many experts have predicted that this upward trend won’t be stopped in the near future. It is an important question how high the price could go. The price of the token is currently at the same level it was in early March, when the price of API3 was about $0.15. This means that the price of the coin could rise to $0.30 or even beyond, if the demand for API3 remains high.. Read more about api3 where to buy and let us know what you think.
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