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APE/USD has been trending lower since August 9th after reaching the $7.952 high price resistance level. Since then, the price has been going to the bottom. In some places, the bulls tried to bring the price back to a higher level, but they were too weak to do that. From August 20 to August 25, bulls will push the market price slightly above the $5.0000 support level and then the price will drop below it. And from then until now, both bulls and bears are equally matched in their struggle to dominate the market. None of them can raise or lower the price. Bears became stronger on September 6; They brought the price to the $4.284 support level. But in today’s market, buyers are showing more strength and have brought the price to $5.228.
ApeCoin Market Price Statistics:
- APE/USD price now: $5.228
- APE/USD market rate: $ 1,572,731,104
- APE / USD circulating supply: 306.875.000
- APE/USD Total Supply: 1,000,000,000
- APE/USD Coin Market Rank: #37
Key steps
- Resistance: $ 5.500, $ 6.000, $ 6.500
- Support: $ 4.491, $ 4.000 $ 3.500
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ApeCoin Market Price Analysis: Indicators View
The RSI line crossed the lower zone of the indicator on August 13 and continued in the weak zone for a long time. Then, between yesterday and today, the RSI line quickly rises to 51%. This is a sign of strength recovery in bulls. And in support of this, the MACD indicators were on the negative side, but from September 2 to September 8, the two lines and histograms indicate a short period of price consolidation. Today, we can see that the MACD line is diverging from the indicator line.
ApeCoin: BAL/USD 4-hour chart view
The flat market became more apparent during this time frame. It could be an indication of weakness or reduced demand between the two market players. However, at some point, both market players push the market in such cases and show sudden attacks at different times. For today, bulls break the $5.000 price resistance level.
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