API3 Price Surges After Upbit Listing Announcement in South Korea on August 19
Upbit's Listing Announcement: On August 19, South Korea's largest crypto exchange, Upbit, announced the listing of new trading pairs for API3, leading to a significant price surge for the digital asset.
API3 Platform Overview: API3 is a platform that provides decentralized oracles and data feeds, allowing users to earn OEV rewards for their DeFi projects without modifying their contracts.
Price Surge Details: Following Upbit's announcement, API3's price jumped over 85%, rising from $0.83 to above $1.56, with its market cap increasing from $72 million to over $135 million.
Trading Volume Increase: In the 24 hours after the listing, API3's trading volume exceeded $278 million, marking a nearly 261% increase, while the asset's price rose by 82%.
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Technical Analysis for DEFI
Technical Sentiment Analysis for DeFi (DEFI). As of , DeFi (DEFI) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for DEFI stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, DEFI is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
DeFi (DEFI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.000157 | 0.000207 | 0.000257 | 0.000307 | 0.000357 | 0.000407 | 0.000457 |
| Fibonacci | 0.000207 | 0.000245 | 0.000268 | 0.000307 | 0.000345 | 0.000368 | 0.000407 |
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