In this ApeCoin technical analysis, we will examine the current price action, trading volume, key levels and indicators for APE-USDT. ApeCoin is a decentralized cryptocurrency that utilizes blockchain technology to facilitate secure and transparent transactions. It features fast and low-cost payments, making it an attractive option for users looking for a reliable digital asset. With its innovative features and strong community support, ApeCoin has the potential to revolutionize the way we think about cryptocurrency.
ApeCoin Price Overview:
As of May 07, 2024, ApeCoin is trading at approximately 1.28 USDT. Let’s dive into the detailed price action for APE-USDT:
| Metric | Value |
|---|---|
| Open (O) | 1.253 |
| High (H) | 1.32 |
| Low (L) | 1.235 |
| Close (C) | 1.28 |
| Volume (C) | 6,935,257.28 |
- Open (O): The opening price for today’s trading session was approximately 1.253 USDT.
- High (H): ApeCoin reached a daily high of around 1.32 USDT.
- Low (L): The daily low for APE-USDT was approximately 1.235 USDT.
- Close (C): At the time of analysis, ApeCoin is trading near its daily close of 1.28 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | 2.24% |
| 3D Change (%) | 3.31% |
| 7D Change (%) | 9.50% |
| 30D Change (%) | -25.71% |
| 90D Change (%) | -8.24% |
| YTD Change (%) | -21.04% |
Over the past three days, APEUSDT has risen by approximately 3.31%, showcasing increased market volatility. Throughout the last week, it continued to increase, with a gain of around 9.50%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with APEUSDT maintaining a downward trend of approximately -25.71%, despite intermittent fluctuations. Examining the last 90 days, APEUSDT has witnessed substantial decrease of approximately -8.24%, reflecting strong long-term confidence. Year-to-date, APEUSDT has steadily dropped by around -21.04%, 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-USDT 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 0.69064.
- Momentum score is 0.06667.
APE USDT Technical Analysis
ApeCoin Trading Volume:
The trading volume for ApeCoin (APE) over the past 24 hours has been insignificant, with approximately 6,935,257.28 USDT 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-USDT is currently in the low zone, around 43.47486. This suggests that ApeCoin is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
ApeCoin (APE-USDT) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Additionally, the low RSI and insignificant trading volume are low signals for potential downward movement.
Navigate ApeCoin’s (APEUSDT) upward trajectory at 1.28 USDT with bullish technical analysis, highlighting strong support and promising indicators.
Don’t skip our thorough exploration of APE BTC ApeCoin Technical Analysis if you resonated with this post; it’s the perfect next step for deeper understanding.
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.