Technical Analysis Indicates That the APE Price is Still Falling.

According to CoinMarketCap, the price of ApeCoin (APE) has dropped by 10% in the last 24 hours to $12.34.

APE’s price has also dropped significantly during the last week, by around 50.42 percent. The 24-hour chart reflects a continuation of the weekly trend for the coin’s price, as APE’s price has fallen 9.52 percent over the last 24 hours.

APE is presently ranked 33rd on CoinMarketCap’s list of the biggest cryptocurrency projects by market size, with a market value of $3,525,294,165. APE’s daily trading volume has also declined by double digits, falling by 38.87 percent. APE had a 24-hour trading volume of $1,033,677,172.

The price of APE is getting closer to its 24-hour low. It had a 24-hour high of $13.70 and a 24-hour low of $12.28.

At the time of writing, the price of APE has declined compared to Bitcoin (BTC) and Ethereum (ETH) by around 7.49 percent and 6.29 percent, respectively. APE is now valued at around 0.0003453 BTC and 0.004644 ETH.

Taking a glance at the daily chart for APE/USDT, the price of APE has decreased significantly from its all-time high of $28 at the end of April.

The 8-period exponential moving average (EMA) has also crossed below the 20-period EMA, indicating a short-term bear cycle, which may indicate that the price of APE is not yet done declining. At the time of writing, the RSI 14 is sloping into oversold territory as it sits at 43.55.

Leave a Comment