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API3 suddenly became the focus of discussion in the group today. In just two hours, the price was pushed sharply from around 0.3289 to above 0.36, with a gain of more than 8%. Several big bullish candles followed, and the board’s momentum really feels encouraging.
Looking at the technical indicators, the MACD has just turned above the red histogram, and it’s still extending—showing that the bulls’ push is still there in the short term. Trading volume also says a lot: in just the past hour, it hit more than 4.7 million, clearly indicating that funds are concentrating in to drive the price higher. Judging by this setup, this upswing might not be completely over yet. There could be another chance to push higher during the session and produce a burst of accelerated trading.
That said, one thing is certain: it’s nowhere near time to feel at ease. The RSI has already surged to above 86—an unmistakable overbought zone. At this kind of level, it means profit-taking could potentially come crashing down at any moment. The community’s views are also pretty conflicted: some think it’s only just starting, while others are already reminding people to be careful of a “bull trap.” When emotions are split like this, the market’s fluctuations will be much bigger than usual.
To put it plainly, this looks more like retreating while the hype is still hot. Today is likely the script of “pump first, then dump”—that rally during the session was essentially giving those who bought at lower levels a window to exit. If you wait until the pullback is already underway to think about selling, the price won’t look nearly as good.
Don’t count on the last copper coin. Get up before the party ends—nothing is more reliable than that. $API3 #加密市场小幅下跌