🔸 Price: API3, currently at $2.44, has shown an uptrend in the past 24h with a 22.7% increase from 24h low of $1.99.


🔸 Trade Volumes: Increased by 22733.77% from the 7-day low to around $3,142,049.37. The substantial surge in trading volume by 22,733.77% over the past week appears to have been a precursor to or coincided with a significant price appreciation of 22.7% in the last 24 hours, suggesting a possible correlation between heightened trading activity and the observed upward price momentum for API3.


🔸 Capital Flows: Increased from 27,591.70 API3 in the past 7d to 80,840.88 API3, indicating a uptrend. The surge in capital inflow, as evidenced by the tripling of API3 tokens traded, appears to have a strong correlation with the 22.7% price appreciation of API3, suggesting that significant capital inflows may be a driving factor behind the observed price movements.


🔸 Order Book Depth: The API3 order book shows a greater depth on the sell side with a sum of $35,210.15 compared to the buy side at $24,596.02, potentially indicating a higher selling pressure despite the recent uptrend to $2.44 with a 22.7% increase from the 24-hour low.


📈 Technicals:
🔸 MACD: The MACD has crossed over its Signal line three times, with the most recent crossover being bullish and a diverging trend indicating strengthening bullish sentiment, which aligns with the observed increasing price trend.


🔸 RSI: The RSI, averaging at 48.76 and maintaining a neutral trend, suggests a stable market sentiment, which aligns with the observed gradual increase in price, indicating sustained buying interest without entering overbought or oversold territory.


🔸 OBV: The OBV trend is increasing alongside an increasing price trend, reflecting continued buying pressure and a bullish market sentiment, which supports the current upward price movement and suggests a strong alignment between volume and price trends.


🔸 Bollinger Bands: The Bollinger Bands are expanding, signaling heightened volatility, with the price breaching the upper band three times compared to a single breach of the lower band, indicating a potential bullish trend with a risk of overbought conditions.

Disclaimer: Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. Not financial advice.  #API3USDT #API3 $API3