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APE Hits 7-Day High Amid Bullish Rally, Overbought Signals Loom


by CoinEdition
  • Despite a bearish start to the day, APE bulls hit a 7-day gain.
  • Technical indicators point to caution as overbought levels approach.
  • APE has encountered support and resistance at $1.98 and $2.11 during the uptrend.

The Apecoin (APE) market got off to a shaky start, with the price plummeting to a 24-hour low of $1.98 before finding support and rebounding. After recovering, the APE price reached a 7-day high of $2.11 before resistance. APE was priced at $2.09 at press time, up 12.68 % from its 24-hour low.

If buyers can push above $2.11, the next resistance level is $2.15. However, if the bullish momentum fades and the price fails to break over the $2.11 resistance level, a bearish dip below the $1.98 support level is probable.

APE’s market capitalization climbed by 4.27% to $770,969,537 during the bullish surge, while its 24-hour trading volume increased by 1.23% to $118,605,812. This surge demonstrates the purchasing interest in APE and suggests that the present price movement has significant market involvement.

APE/USD 24-hour price chart (source: CoinMarketCap)

The Chaikin Money Flow rating of 0.14 indicates that there is still some purchasing deman…

The post APE Hits 7-Day High Amid Bullish Rally, Overbought Signals Loom appeared first on Coin Edition.

Read the article at CoinEdition

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APE Hits 7-Day High Amid Bullish Rally, Overbought Signals Loom


by CoinEdition
  • Despite a bearish start to the day, APE bulls hit a 7-day gain.
  • Technical indicators point to caution as overbought levels approach.
  • APE has encountered support and resistance at $1.98 and $2.11 during the uptrend.

The Apecoin (APE) market got off to a shaky start, with the price plummeting to a 24-hour low of $1.98 before finding support and rebounding. After recovering, the APE price reached a 7-day high of $2.11 before resistance. APE was priced at $2.09 at press time, up 12.68 % from its 24-hour low.

If buyers can push above $2.11, the next resistance level is $2.15. However, if the bullish momentum fades and the price fails to break over the $2.11 resistance level, a bearish dip below the $1.98 support level is probable.

APE’s market capitalization climbed by 4.27% to $770,969,537 during the bullish surge, while its 24-hour trading volume increased by 1.23% to $118,605,812. This surge demonstrates the purchasing interest in APE and suggests that the present price movement has significant market involvement.

APE/USD 24-hour price chart (source: CoinMarketCap)

The Chaikin Money Flow rating of 0.14 indicates that there is still some purchasing deman…

The post APE Hits 7-Day High Amid Bullish Rally, Overbought Signals Loom appeared first on Coin Edition.

Read the article at CoinEdition

Read More

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