ApeCoin loses $2 support, is $1 impending?
APE’s supply on exchanges metric was in an uptrend. This showed increasing amounts of APE sent to centralized exchanges, likely to be sold
• The market structure and momentum were firmly bearish for ApeCoin on the daily timeframe.
• The on-chain metrics showed the selling pressure behind APE has not slowed down.
ApeCoin [APE] investors have not enjoyed 2023 so far. After an 80% rally in January, APE prices began to reverse. The downtrend began in late February, and the bearish price structure persisted into August.
Read More: https://ambcrypto.com/apecoin-loses-2-support-is-1-impending/
APE’s supply on exchanges metric was in an uptrend. This showed increasing amounts of APE sent to centralized exchanges, likely to be sold
• The market structure and momentum were firmly bearish for ApeCoin on the daily timeframe.
• The on-chain metrics showed the selling pressure behind APE has not slowed down.
ApeCoin [APE] investors have not enjoyed 2023 so far. After an 80% rally in January, APE prices began to reverse. The downtrend began in late February, and the bearish price structure persisted into August.
Read More: https://ambcrypto.com/apecoin-loses-2-support-is-1-impending/
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| 15,000 mlx | |
| 316 | |
| 2 |
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