ApeCoin Shows Bullish Bias; This Level Needs To Be Broken For A Rally To $7
APE’s price shows strength as it bounces from a downtrend range price rallied to a high of $5 with eyes set on $7. APE could rally more as the price creates more bullish bias by breaking out of a downtrend triangle with eyes set on rallying higher. APE’s price remains strong on the daily timeframe below the 50 Exponential Moving Average (EMA) as the price aims for more rallies. The price action displayed by Apecoin (APE) in the past few days has been tremendous, with Bitcoin (BTC) creating a more bullish scenario across the crypto market; this has also propelled the price of....
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Apecoin rose for a fourth consecutive session on Wednesday, as prices of the token climbed by as much as 5%. Today’s surge sees the token move to its highest level since last Friday. Helium was another notable gainer on hump day, rising by as much as 14% earlier in the day. Apecoin (APE) Apecoin (APE) was one of Wednesday’s big movers, as prices of the token rose for a fourth consecutive session. Wednesday saw APE/USD rally to an intraday peak of $5.50, less than a day after trading at a low of $5.08. As a result of today’s surge, APE moved further away from its $5.00....
The price of ApeCoin (APE) has recently struggled against tether (USDT) after seeing its price rejected from $7.5. Bitcoin’s (BTC) price showed some great strength bouncing off from a low of $18,500 to a high of $21,000. This movement has affected other altcoins as most cryptocurrencies produce double-digit gains, including ApeCoin (APE). (Data from Binance) Related Reading: Bitcoin Stablecoin Supply Ratio Now Forms A “Buy” Signal ApeCoin (APE) Price Analysis On The Weekly Chart The price of APE has had a difficult time replicating its bullish move that saw the price rally to $7.5 in....
In this morning's bitcoin price watch piece, we published our thoughts on how we expected bitcoin to mature during today's European session, and suggested the levels that we would be keeping an eye on as price action matured throughout the day. We believed that - as driven by a fundamental bias out of Greece - we may see some risk off bullish action in the bitcoin price before the day closed. However, as it happens, the overarching bearish momentum that we have seen throughout the majority of this week remains the order of the day, and presents us with an intraday bearish bias as we head....
During the last two weeks, statistics show the new crypto asset dedicated to the Bored Ape Yacht Club community (BAYC), apecoin (APE), has climbed more than 50% against the U.S. dollar. A few days ago, apecoin tapped an all-time high at $17.30 per unit and the crypto asset is now the 32nd largest in terms of market capitalization among 13,691 other cryptocurrencies. Data also shows out of the 48,570 APE holders, there’s a large concentration of apecoin whales.
A Large Concentration of Apecoin Whales
The BAYC-infused apecoin (APE) has been a popular crypto project ever....
After forming a head and shoulders pattern during the April 6th session, bitcoin started to trade in a range during the April 7th session as we can see in the 1H chart below: Bitcoin (BTCUSD) 1H Chart April 8. Here are some observations from the 1H chart:1) There was a head and shoulders pattern and price is so far consolidating mostly under the structure's neckline, which was around 256. 2) the range during the April 7th session was between roughly 253 and 258. 3) The RSI has broken below 40, but has not tagged 30. This shows loss of the prevailing bullish momentum, but also failure to....