API3 Breaks Resistance – Is the Next Bullish Wave Coming?

19 Ogo

The listing news of API3(API3USDT) on South Korea’s major exchange Upbit has boosted interest in the project. Starting from August 19, 2025, API3 will be available for trading on both KRW and USDT markets.

Reason for the surge: Being listed on one of the largest Korean exchanges not only brings more liquidity to API3 but also increases investor attention towards Web3-focused infrastructure and decentralized APIs.

API3 is a project designed to provide decentralized APIs for Web3 applications, aiming to give dApps secure and cost-effective access to real-world data without centralized intermediaries.
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Now let's check whether we can still use the uptrend of the API3 token or not!? To answer this question, we need to refer to the API3 token chart on the 4-hour time frame.

The API3 token appears to have broken the Resistance zone($1.250-$0.820) with high momentum (due to the above news).

In terms of Elliott Wave theory, it seems that the API3 token has successfully completed wave 3 near the Resistance lines and is currently completing wave 4. Wave 4 could be a pullback and complete at Potential Reversal Zone(PRZ)[$1.250-$1.072].

Note: Wave 5 could be a truncated wave due to the high momentum of wave 3.
I expect that the API3 token can start increasing again after the pullback(wave 4) is completed and at least +30%.

Cumulative Short Liquidation Leverage: $1.638-$1.597

Cumulative Long Liquidation Leverage: $1.260-$1.164

Note: Worst Stop Loss(SL): $0.923

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API3 Analyze (API3USDT), 4-hour time frame.

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20 Ogo

Dagangan aktif

Trade was activated in Cumulative Long Liquidation Leverage: $1.260-$1.164

7 hari lalu

Dagangan ditutup: sasaran tercapai

First Target Done