APE/USD displaces COMP/USD to claim the first position on the crypto daily mover list. APE/USD was able to move 9.15% today. Interestingly, COMP/USD moved just about the same magnitude yesterday.
ApeCoin present price Price: $4.83
ApeCoin Market Capitalization: 1.6 Billion
ApeCoin Total Supply: 1 Billion
ApeCoin Rank: 35
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Resistance: $4.83, $5.5, $6
Support: $4.5, $4.0, $3.5
APE/USD Price Prediction: Apecoin Achieving Minimal Gains
As reflected on the daily mover list, we can see the result of such magnitude of movement is seen on the APE/USD 4-hour chart. We can see that some of the bulls had a very tough time going by the last fee candlesticks. Also, we can perceive that the value activity rose to touch the upper boundary of the Bollinger band. Consequently, this reflects the value increment that this crypto has witnessed.
Furthermore, the relative strength indicator has already crossed in the highly bought area which ought to result in a downtrend. Nevertheless, it seems that the ApeCoin isn’t ready to reverse as the trend strength indicator continues to move sideways. ApeCoin strength remains in the highly bought region, which implies that APE/USD value may sustain this mark for some time. Nevertheless, any crossing here any crossing of this curve may result in a downtrend.
Ape/USD Price Prediction: Apecoin at the Point of Trend Reversal
Moving on, APE/USD one-day chart reveals that the price activity is on the verge of a correction. We can see that the price activity has perched on the middle band of the Bollinger band. In addition, the Bollinger band is contacting which signifies that the volatility of ApeCoin is low. Also, from the Bollinger band indicator, we can predict that there may not be a big value jump in the APE/USD value.
Finally, the RSI indicator crossed twice to reach the 100% mark. Consequently, this confirms that the crypto value isn’t likely to rise beyond this.
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