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 cryptocurrency that utilizes the Ethereum blockchain as its underlying technology. It was created with the goal of providing a platform for content creators and artists to monetize their work directly through the use of non-fungible tokens (NFTs). ApeCoin also offers a unique governance structure, allowing holders of the cryptocurrency to have a say in its development and decision-making processes.
ApeCoin Price Overview:
As of October 02, 2023, ApeCoin is trading at approximately 4e-05 BTC. Let’s dive into the detailed price action for APE-BTC:
| Metric | Value |
|---|---|
| Open (O) | 5e-05 |
| High (H) | 5e-05 |
| Low (L) | 4e-05 |
| Close (C) | 4e-05 |
| Volume (C) | 168,021.15 |
- Open (O): The opening price for today’s trading session was approximately 5e-05 BTC.
- High (H): ApeCoin reached a daily high of around 5e-05 BTC.
- Low (L): The daily low for APE-BTC was approximately 4e-05 BTC.
- Close (C): At the time of analysis, ApeCoin is trading near its daily close of 4e-05 BTC.
| Metric | Value |
|---|---|
| 1D Change (%) | -7.93% |
| 3D Change (%) | -5.86% |
| 7D Change (%) | -0.68% |
| 30D Change (%) | -20.98% |
| 90D Change (%) | -39.46% |
| YTD Change (%) | -80.78% |
Over the past three days, APEBTC has decreased by approximately -5.86%, showcasing increased market volatility. Throughout the last week, it continued to drop, with a loss of around -0.68%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with APEBTC maintaining a downward trend of approximately -20.98%, despite intermittent fluctuations. Examining the last 90 days, APEBTC has witnessed substantial drop of approximately -39.46%, reflecting strong long-term confidence. Year-to-date, APEBTC has steadily declined by around -80.78%, 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 0.4133.
- Momentum score is -0.2098.
APE BTC Technical Analysis
ApeCoin Trading Volume:
The trading volume for ApeCoin (APE) over the past 24 hours has been significant, with approximately 168,021.15 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 33.95217. 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 significant trading volume are low signals for potential downward movement.
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.
