In this ApeCoin technical analysis, we will examine the current price action, trading volume, key levels and indicators for APE-USDT. ApeCoin (APE) is a cryptocurrency that was created as a governance token for the ApeCoin ecosystem, which includes various decentralized applications (dApps) and protocols. The APE token allows holders to participate in the decision-making process of the ecosystem through voting, and it can also be used to access certain features and services within the ecosystem. With its unique governance structure, ApeCoin has the potential to become a leading cryptocurrency in the decentralized finance (DeFi) space.
ApeCoin Price Overview:
As of September 22, 2023, ApeCoin is trading at approximately 1.123 USDT. Let’s dive into the detailed price action for APE-USDT:
| Metric | Value |
|---|---|
| Open (O) | 1.109 |
| High (H) | 1.143 |
| Low (L) | 1.098 |
| Close (C) | 1.123 |
| Volume (C) | 5,311,440.35 |
- Open (O): The opening price for today’s trading session was approximately 1.109 USDT.
- High (H): ApeCoin reached a daily high of around 1.143 USDT.
- Low (L): The daily low for APE-USDT was approximately 1.098 USDT.
- Close (C): At the time of analysis, ApeCoin is trading near its daily close of 1.123 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | 1.17% |
| 3D Change (%) | -1.75% |
| 7D Change (%) | 0.90% |
| 30D Change (%) | -25.13% |
| 90D Change (%) | -48.58% |
| YTD Change (%) | -69.11% |
Over the past three days, APEUSDT has dropped by approximately -1.75%, showcasing increased market volatility. Throughout the last week, it continued to rise, with a gain of around 0.90%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with APEUSDT maintaining a downward trend of approximately -25.13%, despite intermittent fluctuations. Examining the last 90 days, APEUSDT has witnessed substantial decrease of approximately -48.58%, reflecting strong long-term confidence. Year-to-date, APEUSDT has steadily decreased by around -69.11%, 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 0.37065.
- Momentum score is -0.25133.
APE USDT Technical Analysis
ApeCoin Trading Volume:
The trading volume for ApeCoin (APE) over the past 24 hours has been insignificant, with approximately 5,311,440.35 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 30.44778. 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.
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.
