APE market trend remains bearish, with strong resistance at $4.74 Traders may consider shorting or exiting long positions due to negative momentum. Oversold conditions may present buying opportunities, but caution is advised. The ApeCoin (APE) market has been bearish in the previous 24 hours, with bullish efforts to correct the market thwarted after encountering solid resistance at the intra-day high of $4.74. This barrier forced the bulls to retrace, allowing negative momentum to take over, lowering the price to a low of $4.58, where support was established. The negative trend remained intact as of press time, causing the price to fall by 1.41% to $4.65. If the $4.58 remains as support, the current downward trend might be reversed, resulting in an upward price movement. But, if the support level is breached, the price may continue to fall. APE/USD 24-hour price chart (source: CoinMarketCap) The Coppock Curve on the 4-hour price chart is trending south with a value of -6.46922502, indicating the negative momentum in the APE market is gathering pace. Traders may consider shorting or exiting long positions until the Coppock Curve starts to move higher and shows indications of bullish momentum. With a stochastic RSI value of 34.87 […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
