In this ApeCoin technical analysis, we will examine the current price action, trading volume, key levels and indicators for APE-BTC. ApeCoin (APE) is a decentralized digital currency that utilizes blockchain technology to facilitate secure and transparent transactions. With its innovative proof-of-stake consensus algorithm, APE enables fast and energy-efficient validation processes, ensuring a seamless user experience. Additionally, ApeCoin’s open-source nature allows for limitless possibilities in terms of customization and integration with other platforms, making it an attractive option for developers and entrepreneurs alike.
ApeCoin Price Overview:
As of May 04, 2024, ApeCoin is trading at approximately 2e-05 BTC. Let’s dive into the detailed price action for APE-BTC:
| Metric | Value |
|---|---|
| Open (O) | 2e-05 |
| High (H) | 2e-05 |
| Low (L) | 2e-05 |
| Close (C) | 2e-05 |
| Volume (C) | 19,499.81 |
- Open (O): The opening price for today’s trading session was approximately 2e-05 BTC.
- High (H): ApeCoin reached a daily high of around 2e-05 BTC.
- Low (L): The daily low for APE-BTC was approximately 2e-05 BTC.
- Close (C): At the time of analysis, ApeCoin is trading near its daily close of 2e-05 BTC.
| Metric | Value |
|---|---|
| 1D Change (%) | -0.61% |
| 3D Change (%) | -2.14% |
| 7D Change (%) | -2.19% |
| 30D Change (%) | -20.85% |
| 90D Change (%) | -38.48% |
| YTD Change (%) | -48.83% |
Over the past three days, APEBTC has decreased by approximately -2.14%, showcasing increased market volatility. Throughout the last week, it continued to decline, with a loss of around -2.19%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with APEBTC maintaining a downward trend of approximately -20.85%, despite intermittent fluctuations. Examining the last 90 days, APEBTC has witnessed substantial fall of approximately -38.48%, reflecting strong long-term confidence. Year-to-date, APEBTC has steadily dropped by around -48.83%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
ApeCoin Live Chart:
You can access a live price chart for APE-BTC on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.
Price Volatility and Momentum:
- Volatility score is 0.61128.
- Momentum score is 0.08935.
APE BTC Technical Analysis
ApeCoin Trading Volume:
The trading volume for ApeCoin (APE) over the past 24 hours has been insignificant, with approximately 19,499.81 BTC traded against APE. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.
Moving Averages:
- 50-day Simple Moving Average (SMA): APE is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): ApeCoin is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for APE-BTC is currently in the low zone, around 38.80184. This suggests that ApeCoin is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
ApeCoin (APE-BTC) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the BTC monthly resistance level and the BTC support level for potential trading opportunities. Additionally, the low RSI and insignificant trading volume are low signals for potential downward movement.
Acknowledge bearish outlook for ApeCoin (APEBTC) at 1.96e-05 BTC with technical analysis, emphasizing weakened support and cautionary indicators.
Take the next step in your exploration by delving into our detailed insights on APE USDT ApeCoin Technical Analysis; it’s a natural follow-up if you enjoyed this post.
Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.
Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.
Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.