Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Technical Analysis Suggests That APE Price Not Done Falling Yet

Cryptocurrency May 07, 2022 08:00AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters. Technical Analysis Suggests That APE Price Not Done Falling Yet

  • The price of the ApeCoin (APE) has dropped almost 10% in the last 24 hours to $12.34.
  • APE’s price has also fallen heavily in the last 7 days, dropping by double digits by around 50.42%.
  • The 8 EMA has also crossed below the 20 EMA to signal a short-term bear cycle which may suggest that the price of APE is not done falling yet.

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

APE’s price has also fallen heavily in the last 7 days, dropping by double digits by around 50.42%. The 24 hour chart is a continuation of the weekly trend for the coin’s price as the price of APE continues its descent by dropping 9.52% in the last 24 hours.

Ranked number 33 on CoinMarketCap’s list of the largest cryptocurrency projects by market cap, APE’s market cap currently stands at $3,525,294,165. The daily trading volume of APE has also dropped by double digits as it decreased by 38.87%. The 24 hour trading volume for APE totals $1,033,677,172.

The price of APE is closer to its low set in the last 24 hours. Its 24 hour high is $13.70 and its 24 hour low is $12.28.

APE’s price has also weakened against Bitcoin (BTC) and Ethereum (ETH) by around 7.49% and 6.29% respectively at the time of writing. Currently, APE is worth approximately 0.0003453 BTC and 0.004644 ETH.

APE’s price tumbles after APE trending (Source: TradingView)

The price of APE has dropped quite a lot since its all-time high of $28 towards the end of April when looking at the daily chart for APE/USDT.

The 8 EMA has also crossed below the 20 EMA to signal a short-term bear cycle which may suggest that the price of APE is not done falling yet. The RSI 14 is also sloped towards oversold territory as it currently stands at 43.55 at the time of writing.

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.

Continue reading on CoinQuora

Technical Analysis Suggests That APE Price Not Done Falling Yet
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email