Breaking News
Investing Pro 0
New Year’s SALE: Up to 40% OFF InvestingPro+ CLAIM OFFER

Technical Indicators on APE Price Predict Further Bullish Run as Prices Surge by 3.36%

Cryptocurrency Nov 04, 2022 04:30AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
Technical Indicators on APE Price Predict Further Bullish Run as Prices Surge by 3.36%
 
APE/USD
-4.72%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 

  • APE pricing analysis found a positive trend, with a price increase of 3.36%.
  • Bulls continue to dominate the market, according to technical indicators.
  • ApeCoin (APE) support and resistance levels are $4.30 and $4.62, respectively.

Following a drop and sell-off in the previous 24 hours, the ApeCoin (APE) price has seen a significant rebound, with bulls managing to lift its values by 3.36% to $4.59.

The increase in market capitalization of 2.57% to $1,405,952,955 supports this bullish outlook. However, the 1-day trading volume fell by 6.19% to $243,266,210.

APE/USD 1-day price chart (Source: CoinMarketCap)

The bullish trend on the 2-hour price chart is backed by bulging Bollinger Bands and price movement toward the upper band. The upper Bollinger Band is at 4.618, and the lower Bollinger Band is at 4.189. Swelling of the BB indicates heightened market volatility and raises the likelihood of a breakout

In recent hours, the Moving Average Convergence Divergence (MACD) has climbed over the signal line and into positive territory, with a reading of 0.011. The histogram is also in the positive range, confirming this optimistic mood. These fluctuations point to the continuation of the optimistic sentiment in the APE market.

Since a reading of the Rate of Change (ROC) above zero implies a positive trend, the score of 5.75 and a pointing north of the ROC in the APE price chart supports the upward trend in APE price action.

APE/USD 2-hour price chart (Source: CoinMarketCap)

The 2-hour price chart shows a bullish crossover as the 5-day MA rises above the 20-day MA. The 5-day moving average hits 4.532, while the 20-day moving average touches 4.405. The price hike above both MAs reinforces the optimistic outlook for the APE market.

APE/USD 2-hour price chart (Source: CoinMarketCap)

The bears are outnumbered as the bulls take control of the ApeCoin (APE) market.

Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

The post Technical Indicators on APE Price Predict Further Bullish Run as Prices Surge by 3.36% appeared first on Coin Edition.

See original on CoinEdition

Technical Indicators on APE Price Predict Further Bullish Run as Prices Surge by 3.36%
 

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.
  • Any comment you publish, together with your investing.com profile, will be public on investing.com and may be indexed and available through third party search engines, such as Google.

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