API3/USD - Next Resistance at $2.3 & $3.3 😎

API3 has reached a local bottom and a relief rally is in order.

The current support at $1.2 meets at the intersection of two key levels, first the trendline since API3 was released as well as a perfect 1:1 extension from the previous top.

The key levels to watch as the price moves higher are at $2.3 and $3.3.

A price above $3.3 seems unlikely unless BTC somehow manages to push above $40k.

Bias is bullish short term, but I would not expect more than $3.3 in the current market.

Keep an eye on this.

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