Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain
  • Web 3
    • NFT
    • Metaverse
  • Regulation
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Filmmaker David Goyer bets on blockchain for the next sci-fi franchise

2025-05-19

XRP Price forecast – ‘Mixed signals’ Mean Altcoin will move like this!

2025-05-19

Crypto analyst says that Bitcoin correction comes before the outbreak to the new all-time here is his prediction

2025-05-19
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
Facebook X (Twitter) Instagram
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain

    Filmmaker David Goyer bets on blockchain for the next sci-fi franchise

    2025-05-19

    Jesse Pollak explains how Pectra Upgrade will overload the basic network

    2025-05-19

    Ice Open Network welcomes Soonchain AI in its online+ ecosystem to stimulate web3 ai-game development

    2025-05-18

    Chainware and Karatdao work together to redefine security and identity in chains

    2025-05-18

    Declan Hannon about how Aurora Labs makes blockchain accessible to everyone

    2025-05-18
  • Web 3
    • NFT
    • Metaverse
  • Regulation

    Mastermind Behind Sec Sim -exchange schedule sentenced to 14 months in prison for manipulating Bitcoin price

    2025-05-18

    Capital One pays $ 425,000,000 to customers after they have reportedly cheated customers from a higher return on bank balance

    2025-05-18

    Myth or reality? Mica and its real impact on the market that dissolve common misconceptions

    2025-05-18

    Judge denies joint bid from Ripple and the SEC to end their long -term legal battle to end XRP

    2025-05-17

    A dozen new defendants who were sued in the alleged Rico -entry, connected to $ 263,000,000 crypto theft

    2025-05-17
  • Analysis

    Crypto analyst says that Bitcoin correction comes before the outbreak to the new all-time here is his prediction

    2025-05-19

    XRP – Price is struggling to keep the ground – breakdown or breathing break?

    2025-05-19

    The American stock market now looks more favorable than pre-trade war, according to Tom Lee from Fundstrat-Dit why is why

    2025-05-18

    Analyst who mentioned XRP price mark at $ 0.5 says that the increase in this level is coming

    2025-05-17

    Michael Burry van Big Short abruptly sells one ‘recession-proof’ assets

    2025-05-17
  • Learn

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-09
  • Blog
  • Contact
    • Tech7685@gmail.com
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Altcoins»Apecoin Breaks Below Crucial Price Level – Time for a Free Fall?
Altcoins

Apecoin Breaks Below Crucial Price Level – Time for a Free Fall?

2023-08-24No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Disclaimer: The information presented does not constitute financial, investment, trading or other advice and is solely the opinion of the author.

  • Apecoin hit new lows as selling pressure mounted.
  • Buyers could be in for a surprise based on the near-term accumulation trend.

apecoin [APE] reached a new low of $1.49 as the price of the gaming token continued its rapid decline. Despite the bulls’ best efforts to keep the price up from the $1.72 support level in early August, APE eventually gave in to the overall bearish sentiment in the market.


Realistic or not, here is APE’s market cap in terms of BTC


A 33% price drop between Aug 15 and Aug 17 caused bears to break the USD 1.72 support, exposing APE to a free price drop that could lead to a low of USD 1 – a far cry from April’s mega high of USD 23 2022. .

Bulls have no battle in them anymore

Apecoin APE price chart on dark background with green and red price bars

Source: APE/USDT on Trading View

Continued selling pressure on APE has limited bullish attempts at a price reversal. With buyers losing one level of support after another, the bears have ruled since April 2023.

While the price action in the lower time frame (4H) showed a lot of sideways price action, the price action in the higher time frame (daily) showed that Apecoin’s continued implosion could reach $1 in the coming days/weeks.

The series of lower highs and lower lows in the downtrend indicated that Apecoin is likely to retest the new resistance at USD 1.72 before continuing its freefall.

Any hope of a price reversal will depend heavily on bullish market sentiment, especially when it comes to Bitcoin [BTC] may reclaim the $28 – $30,000 price zone in the long run.

See also  Floki price set at 15% rally. Here's what the data says

Otherwise, Apecoin holders can expect a continuation of this freefall with no bottom in sight. The Relative Strength Index’s (RSI) recent attempt at a reversal was met with a rapid return to the oversold zone, underscoring selling pressure.

Similarly, the drop in interest in APE caused the On Balance Volume (OBV) to register a 70 million drop in trading volume over the past week.

Could long-term owners make a surprising move?

Source: Sanitation

Dates from Sanitation emphasized a surprising measure. The market value to realized value (MVRV) ratio for monthly (30d) and quarterly (90d) holders of Apecoin showed severe losses of -15.90 and -25.49% respectively.


How much are 1.10.100 APEs worth today?


However, the average coin age of 90 years has been rising since August 17, indicating an accumulation of APE at lower prices by long-term holders in anticipation of a sustained price recovery.

This glimmer of hope signaled a possible change in price dynamics should general market conditions improve.

Source link

ApeCoin Breaks crucial Fall free level Price Time
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

XRP Price forecast – ‘Mixed signals’ Mean Altcoin will move like this!

2025-05-19

All the reasons why the price of Bitcoin could be set for an explosive rally

2025-05-19

The chance will increase to 83%, sec decision in June?

2025-05-19

XRP – Price is struggling to keep the ground – breakdown or breathing break?

2025-05-19
Add A Comment

Comments are closed.

Top Posts

Nasdaq to List Japanese Crypto Exchange Coincheck After SEC Approval

2024-11-13

A framework, a standard, an intention

2025-02-24

Senate Bill wants to block the presidential crypto -winsts in the midst of Trump Memecoin controversy

2025-05-07
Editors Picks

Bitcoin bounces above $35,000, bringing holder profitability to an annual high

2023-10-25

Latin -american telecome revolution: release the potential of Depin

2025-02-25

adidas /// Studios RESIDENCY — Taking emerging artists to the next level in Web3

2023-09-01

SoonChain revolutionizes Web3 with AI in collaboration with NOTAI

2025-01-12

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Filmmaker David Goyer bets on blockchain for the next sci-fi franchise

XRP Price forecast – ‘Mixed signals’ Mean Altcoin will move like this!

Crypto analyst says that Bitcoin correction comes before the outbreak to the new all-time here is his prediction

Get Informed

Subscribe to Updates

Get the latest news and Update from Bitcoin Platform about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
© 2025 Bitcoinplatform.com - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$103,023.23-0.81%
  • ethereumEthereum(ETH)$2,400.52-4.29%
  • tetherTether USDt(USDT)$1.000.03%
  • rippleXRP(XRP)$2.31-3.21%
  • binancecoinBNB(BNB)$639.78-0.86%
  • solanaSolana(SOL)$161.75-5.48%
  • usd-coinUSDC(USDC)$1.000.02%
  • dogecoinDogecoin(DOGE)$0.217095-2.49%
  • cardanoCardano(ADA)$0.72-4.54%
  • tronTRON(TRX)$0.262509-3.65%
  • suiSui(SUI)$3.67-4.46%
  • chainlinkChainlink(LINK)$15.20-3.31%
  • avalanche-2Avalanche(AVAX)$21.65-6.01%
  • stellarStellar(XLM)$0.280397-3.63%
  • hyperliquidHyperliquid(HYPE)$25.69-3.79%
  • shiba-inuShiba Inu(SHIB)$0.000014-4.63%
  • unus-sed-leoUNUS SED LEO(LEO)$8.62-0.94%
  • hedera-hashgraphHedera(HBAR)$0.187332-3.60%
  • bitcoin-cashBitcoin Cash(BCH)$382.77-4.25%
  • the-open-networkToncoin(TON)$3.00-3.33%
  • litecoinLitecoin(LTC)$95.47-3.26%
  • polkadotPolkadot(DOT)$4.49-5.70%
  • moneroMonero(XMR)$344.321.17%
  • bitget-tokenBitget Token(BGB)$5.210.92%
  • daiDai(DAI)$1.000.00%
  • pepePepe(PEPE)$0.000013-3.92%
  • piPi(PI)$0.72-2.86%
  • ethena-usdeEthena USDe(USDE)$1.00-0.01%
  • uniswapUniswap(UNI)$5.74-3.74%
  • bittensorBittensor(TAO)$390.37-8.32%
  • aaveAave(AAVE)$220.09-2.28%
  • nearNEAR Protocol(NEAR)$2.69-3.00%
  • aptosAptos(APT)$4.99-4.08%
  • okbOKB(OKB)$52.01-2.17%
  • ondo-financeOndo(ONDO)$0.89-4.43%
  • kaspaKaspa(KAS)$0.104399-6.28%
  • internet-computerInternet Computer(ICP)$5.05-4.23%
  • ethereum-classicEthereum Classic(ETC)$17.71-4.10%
  • gatechain-tokenGateToken(GT)$21.37-0.93%
  • crypto-com-chainCronos(CRO)$0.094500-4.61%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.51-3.81%
  • mantleMantle(MNT)$0.73-1.11%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.230661-3.26%
  • vechainVeChain(VET)$0.027175-4.65%
  • render-tokenRender(RENDER)$4.41-5.60%
  • usd1World Liberty Financial USD(USD1)$1.000.00%
  • ethenaEthena(ENA)$0.351595-7.36%
  • filecoinFilecoin(FIL)$2.78-3.85%
  • algorandAlgorand(ALGO)$0.213740-4.06%
  • cosmosCosmos(ATOM)$4.69-2.33%
  • bitcoinBitcoin(BTC)$103,023.23-0.81%
  • ethereumEthereum(ETH)$2,400.52-4.29%
  • tetherTether USDt(USDT)$1.000.03%
  • rippleXRP(XRP)$2.31-3.21%
  • binancecoinBNB(BNB)$639.78-0.86%
  • solanaSolana(SOL)$161.75-5.48%
  • usd-coinUSDC(USDC)$1.000.02%
  • dogecoinDogecoin(DOGE)$0.217095-2.49%
  • cardanoCardano(ADA)$0.72-4.54%
  • tronTRON(TRX)$0.262509-3.65%
  • suiSui(SUI)$3.67-4.46%
  • chainlinkChainlink(LINK)$15.20-3.31%
  • avalanche-2Avalanche(AVAX)$21.65-6.01%
  • stellarStellar(XLM)$0.280397-3.63%
  • hyperliquidHyperliquid(HYPE)$25.69-3.79%
  • shiba-inuShiba Inu(SHIB)$0.000014-4.63%
  • unus-sed-leoUNUS SED LEO(LEO)$8.62-0.94%
  • hedera-hashgraphHedera(HBAR)$0.187332-3.60%
  • bitcoin-cashBitcoin Cash(BCH)$382.77-4.25%
  • the-open-networkToncoin(TON)$3.00-3.33%
  • litecoinLitecoin(LTC)$95.47-3.26%
  • polkadotPolkadot(DOT)$4.49-5.70%
  • moneroMonero(XMR)$344.321.17%
  • bitget-tokenBitget Token(BGB)$5.210.92%
  • daiDai(DAI)$1.000.00%
  • pepePepe(PEPE)$0.000013-3.92%
  • piPi(PI)$0.72-2.86%
  • ethena-usdeEthena USDe(USDE)$1.00-0.01%
  • uniswapUniswap(UNI)$5.74-3.74%
  • bittensorBittensor(TAO)$390.37-8.32%
  • aaveAave(AAVE)$220.09-2.28%
  • nearNEAR Protocol(NEAR)$2.69-3.00%
  • aptosAptos(APT)$4.99-4.08%
  • okbOKB(OKB)$52.01-2.17%
  • ondo-financeOndo(ONDO)$0.89-4.43%
  • kaspaKaspa(KAS)$0.104399-6.28%
  • internet-computerInternet Computer(ICP)$5.05-4.23%
  • ethereum-classicEthereum Classic(ETC)$17.71-4.10%
  • gatechain-tokenGateToken(GT)$21.37-0.93%
  • crypto-com-chainCronos(CRO)$0.094500-4.61%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.51-3.81%
  • mantleMantle(MNT)$0.73-1.11%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.230661-3.26%
  • vechainVeChain(VET)$0.027175-4.65%
  • render-tokenRender(RENDER)$4.41-5.60%
  • usd1World Liberty Financial USD(USD1)$1.000.00%
  • ethenaEthena(ENA)$0.351595-7.36%
  • filecoinFilecoin(FIL)$2.78-3.85%
  • algorandAlgorand(ALGO)$0.213740-4.06%
  • cosmosCosmos(ATOM)$4.69-2.33%