API3 Surges 9.84% as Breakout Confirms 70-75% Upside Potential

API3 has shown renewed bullish momentum following a key breakout above a long-term descending resistance line, confirmed by a successful retest near the $0.74–$0.75 support zone [1]. The token has since moved to $0.781, representing a 9.84% increase in the last 24 hours [1]. This technical shift has drawn attention from traders and analysts, who now see the potential for a 70–75% upside move if the current momentum holds above the retest level [1].

The breakout and retest pattern has been a defining feature of API3’s recent price action, marking a transition from a prolonged downtrend to a more stable consolidation phase. With the former resistance now acting as support, the token has demonstrated a pattern of higher lows, reinforcing the likelihood of a sustained rally [1]. Analysts have noted that if the price remains above the key $0.74–$0.75 zone, the next major resistance is expected near $1.30–$1.35 [1].

Technical analysis also indicates that the current price structure aligns with a breakout trend that began forming in mid-July. This has led to expectations of a steady rally in the coming days, particularly if the consolidation phase continues without significant pullbacks [1]. A recent tweet from @WorldOfCharts1 highlighted the positive developments, noting that the breakout has already been confirmed, and retesting is in process, with an anticipated continued upward movement [1].

While the short-term outlook remains contingent on maintaining strength above the retest level, the broader market behavior suggests a growing confidence in API3’s trajectory. The price has managed to stabilize after initial volatility, with the breakout creating a more accessible path to higher levels [1]. Market observers are now closely watching whether the token can sustain its position above the key support region, which would further validate the projected 70–75% upside potential [1].

Source:

[1] API3 Price Eyes Another Breakout as Market Prepares for 70% Upside (https://cryptonewsland.com/api3-price-eyes-another-breakout-as-market-prepares-for-70-upside/)