ApeCoin (APE) Rebounds with Minimal Gains
Login

ApeCoin (APE) Rebounds with Minimal Gains

Estimated Reading Time: 2 minutes
Article Rating:
Based on 1 vote
Login to rate this article.

Azeez Mustapha

Updated:

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 minutes to learn more



Bitcoin continues to exert a limiting effect on most cryptocurrencies as it consolidates while maintaining volatility. This influence has extended to ApeCoin as well, as its price action has resulted in sideways consolidation with moderate volatility. Meanwhile, the coin has seen a price increase of just 2.54%. Let’s take a closer look at the market cues below.

APE Statistics:
Current ApeCoin Price: $0.620
APE Market Cap: $377,504,031
APE Circulating Supply: 1,000,000,000
Total Supply of ApeCoin: 1,000,000,000
APE CoinMarketCap Rank: 129

Key Price Levels:
Resistance: $0.700, $0.800, $0.900
Support: $0.600, $0.500, $0.400

ApeCoin (APE) Rebounds with Minimal Gains ApeCoin Price Action Stays Positive

Price action in the APE/USDT market has finally rebounded off the support level at the $0.572 price mark. This occurred after the price movement hit solid ground following a steep downward correction. The latest price candle has started pushing the token’s price through the green curves of the Guppy Multiple Moving Average (GMMA) lines.

At the same time, the Stochastic Relative Strength Index (Stochastic RSI) recently delivered an upside crossover deep in the oversold region, aligning with the observed upside retracement on the price chart. However, the retracement still appears vulnerable, given the position of the Stochastic RSI and the last price candle.

ApeCoin (APE) Rebounds with Minimal Gains The APE Market Attempts to Secure More Momentum

The ApeCoin 4-hour market price chart shows that price action is closing in on rising through all the GMMA indicator lines. The latest price candle places the market above all the GMMA lines. However, more commitment from upside forces is needed to secure a short-term continuation.

The Stochastic RSI has also risen into the overbought region. The indicator lines recently delivered another upside crossover, and they remain projected upward, suggesting that more traders continue to utilize crypto signals aiming for the $0.650 mark for short-term gains.

Start using a world-class auto trading solution.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Learn to Trade

Never Miss A Trade Again

step 1
Signal Notification

Real-time signal notifications whenever a signal is opened, closes or Updated

step 2
Get Alerts

Immediate alerts to your email and mobile phone.

step 3
Entry Price Levels

Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.

Share with other traders!

telegram
Telegram
forex
Forex
crypto
Crypto
algo
Algo
news
News