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#API3/USDT ANALYSIS 📊
API3 continues to form a descending expanding wedge, where the price has received rejection from the upper resistance boundary ⚡️. However, the asset is holding above the support line, which leaves potential for a bounce upwards.
The Ichimoku Cloud serves as a key resistance barrier 🟣. Only a confident breakout above the cloud and a consolidation above it will serve as a signal to confirm a bullish trend 🚀.
Meanwhile, it is important to monitor the support zone – its retention will become the basis for a new impulse, while a breakdown downwards will increase selling pressure.
📌 Attention traders: the key catalyst will be the price reaction at the boundary of the wedge and the cloud.