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APE/USD began its downtrend on August 6 when the price reached the $7.5505 resistance. From the end of August to the beginning of September, the bulls tried to resist the lower price pressure, but their efforts were too strong to push the market aside. This continued until September 9 when the bulls were too powerful to change the direction of the market. However, they could not hold on to their victory for long. And now, the bears are strong enough to face the bulls. This again may push the price range aside.
Apecoin Market Price Statistics:
- APE/USD price now: $5.1390
- APE / US Dollar Market Value: $1,576,379,233
- APE / USD circulating supply: 306,875,000.00
- APE / USD Total Supply: 1,000,000,000
- APE / USD coin market rank: #36
Key steps
- Resistance: $5.5000, $6.0000, $6.5000
- Support: $4.5000, $4.00000, $3.50000
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Apecoin Market Price Analysis: Indicators View
Apecoin is losing ground very soon and its momentum is slowing down. MACD is reflecting this market behavior. This is evident in the last three faded green histograms. The MACD line had to fall quickly to cross the signal line, but due to the battle between the two market players, the line was fixed at the -0.890 level. RSI supports this sentiment. It shows the almost horizontal line at 49%.
Apecoin: APE/USD 4-hour chart view
The first session of today’s market closed in favor of the bears, after which the bulls will take over the second session. As a result, the price remained above the 9-day moving average. However, sellers are still afraid to lower the price. But now the dispute between buyer and seller is setting the market price.
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