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Looking at the aligned trend lines, we can confirm that APE / USD is preparing for a period of price consolidation, after which the direction of the market will be determined. The market can go either way. Analysts and traders should continue to study the characteristics of the market with indicators and different timeframes in order to be able to predict the future direction of the market..
Apecoin Market Price Statistics:
- APE/USD price now: $5.205
- APE/Dollar Market Value: $1,592,020,515
- APE / USD circulating supply: 306.875.000
- APE/USD Total Supply: 1,000,000,000
- APE/USD Coin Market Rank: #33
Key steps
- Resistance: $ 5.500, $ 6.000, $ 6.500
- Support: $ 4.623, $ 4.000 $ 3.500
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Apecoin Market Price Analysis: Indicators View
A balanced candlestick pattern is very useful as it shows that the market is preparing to move sideways for some time. And this rebound can happen in both marketplaces. To confirm this sentiment, the RSI line is placed at the level that separates the upper market from the lower market. The RSI line now measures 51%. The signal line is holding at 47% with RSI. When the market price strengthens, if the two lines meet, it confirms the market’s optimism.
Apecoin: APE/USD 4-hour chart view
The market here is in the upper market zone (bullish zone), but the market is falling. In the moving average convergence and divergence indicator, we can see that the fast line is getting very close to the slow line. And both are in a horizontal position. The histogram of the indicator shows that the strength of the knee is decreasing. The fact that the lines are very close to point zero and that both the RSI line and the signal line are moving at the 50% midpoint confirm that the market is consolidating.
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