Apecoin Price Analysis & Prediction (May 2nd) – Ape Drops Below $4 Following a 4% Daily Loss, Are Bears Back?

2023-5-3 08:41

While some altcoins have charted substantial gains recently, Apecoin remained indecisive and is yet to witness a major price movement. It currently looks calm but lost 4% over the past hours.

The past weeks have been so uninteresting for traders and investors amid the negative sentiments that hits the entire space recently. This led Ape in a more bearish state but volatility had dropped a bit at that time.

The bears took advantage of it and went on a break last week as the price remained calm since then. But it appears sentiments are slowly turning bullish following the latest market recovery.

Meanwhile, the price is still facing a descending resistance line on the daily chart. It might continue to suppress buying pressure if the resistance line keeps forming. In the opposite direction, a clear break above that line should trigger a huge upward rally.

However, it has been finding it difficult to initiate a major move over the past week. The trend looks extremely bearish on the 4-hour time frame as the price moved from little-to-no volatility over the past 48 hours.

Ape’s indecisiveness has put the price in a very critical trading area, making it the second best-performing metaverse token by market cap. The price remains down by 80% on a yearly scale.

APE’s Key Levels To Watch Source: Tradingview

Apecoin seems to have entered an oversold zone on the daily. If the price goes below the established support of $3.8, the key sell areas to keep in mind are the $3.63 and $3.26 support levels 

Recovery from the current trading level could allow positive actions towards $4.37 before breaking to $4.75. If the price fails to retrace from here, the next resistance level to keep in mind would be $5.25.

Key Resistance Levels: $4.37, $4.75, $5.25

Key Support Levels: $3.8, $3.6, $3.26

Spot Price: $3.9 Trend: Bearish Volatility: High

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

Image Source: aleksandrasova/123RF / Image Effects by Colorcinch

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

APEcoin (APE) на Currencies.ru

$ 0.2658 (+0.69%)
Объем 24H $9.726k
Изменеия 24h: 37.18 %, 7d: -23.73 %
Cегодня L: $0.2658 - H: $0.2658
Капитализация $0 Rank 3027
Доступно / Всего 0 APE / 10m APE

ape past apecoin price weeks hours looks

ape past → Результатов: 35


ApeCoin Climbs 4.3% In Last 7 Days – Where’s APE Getting All That Energy?

ApeCoin (APE), the Bored Ape Yacht Club token, has been rallying over the past week with gains registering at a peak of 4. 3% and trading at the $5. 12 level. APE shows energy, rallies 4. 3% in the past seven days Coin impacted by general crypto slump US inflation also weighing down on crypto price APE is a busy bee and apparently, the recent uptick enjoyed by APE is said to have been ushered by current projects or developments in the network.

2022-9-17 15:00


How Did the Bored Ape Yacht Club Get So Popular?

The hottest trend In the past year was non-fungible tokens. They saw widespread acceptability both within and outside of the bitcoin business and recognition on a worldwide scale.  Since non-fungible tokens (NFTs) have become so popular, there has been an enormous increase in the number of different collections, each with its own unique set of […] The post How Did the Bored Ape Yacht Club Get So Popular? appeared first on NFT News Today.

2022-5-9 12:33


Фото:

ApeCoin Price Hits New ATH, up 17% Amid New Babylon Finance Proposal

While most cryptocurrency markets are showing bearish momentum today, ApeCoin continues its meteoric growth, rising by over 17% in the past 24 hours and setting a new all-time high of $17. Let’s take a closer look at ApeCoin and its token APE and see why the cryptocurrency is rising so much? ApeCoin News While the […] The post ApeCoin Price Hits New ATH, up 17% Amid New Babylon Finance Proposal appeared first on NullTX.

2022-4-23 16:49