- APE price drop resulted in token accumulation.
- Prices fell by 9% in the last 7 days.
- New proposals came in for round 3 for APE DAO funding.
Apecoin (APE), has experienced selling pressure for the past few days. Surprisingly, the monkey-men have accumulated the dip and the stats reveal that APE’s buying and staking has risen for the past month. APE prices have fallen by about 9% in the past 7 days. Despite the downtrend, there remains a possibility of a trend reversal as the dip-buyers may uplift the prices.
Meanwhile, two new proposals were received for the third round for funding Meebits Prop House. Meebits Prop House is being funded by Apecoin and it invites fans to offer their idea of proposals. The invite also extends the opportunity to win a 5000 APE worth grant from the DAO.
រូបភាព
នេះ APE prices have witnessed a fall by nearly 9% for the past few days. The volume has declined indicating less interaction by the investors. The OBV goes flat to hint at situations to be under control, and a trend reversal is possible. The EMA ribbon has formed a golden cross (green circle), but the prices did not behave accordingly, the coming trend may take its effect into consideration.
The CMF saw an uptick suggesting an approaching uptrend in prices. The MACD recorded sellers as the lines diverged, which now move to converge and form a positive cross. The RSI moves parallel to the 50-mark showing neutral market conditions.
Peephole
The smaller time frame suggests prices to steadily rise taking support near $5.00. The CMF, under the zero-mark, rises up with an aim to enter the positive range and mark the bull trend. The MACD records ascending buyer bars, while the lines undergo a positive cross. The RSI moves around the half line to show declining selling pressure and improvement in buyers’ interest.
សន្និដ្ឋាន
The APE community has accumulated the token in the bearish trend. The current market situation shows the possibility of bulls arriving and setting up a high run. The uptrend may test resistance near $6.50, and might require stronger thrust to break out of it.
កំរិតបច្ចេកទេស
កំរិតគាំទ្រ៖ ១.៥០ ដុល្លារនិង ១,៤០ ដុល្លារ
កម្រិត Resistance: ២,០០ ដុល្លារនិង ២.៥០ ដុល្លារ
ការមិនទទួលខុសត្រូវ
ទស្សនៈ និងគំនិតដែលសរសេរដោយអ្នកនិពន្ធ ឬមនុស្សណាម្នាក់ដែលមានឈ្មោះក្នុងអត្ថបទនេះគឺសម្រាប់គោលបំណងផ្តល់ព័ត៌មានតែប៉ុណ្ណោះ ហើយពួកគេមិនបង្កើតហិរញ្ញវត្ថុ ការវិនិយោគ ឬដំបូន្មានផ្សេងទៀតទេ។ ការវិនិយោគលើ ឬជួញដូរទ្រព្យសកម្មគ្រីបតូមកជាមួយហានិភ័យនៃការបាត់បង់ហិរញ្ញវត្ថុ។
Source: https://www.thecoinrepublic.com/2023/02/13/ape-army-buying-the-dip-prices-down-now-but-may-go-up/