Close Menu
AsiaTokenFundAsiaTokenFund
  • Home
  • Crypto News
    • Bitcoin
    • Altcoin
  • Web3
    • Blockchain
  • Trading
  • Regulations
    • Scams
  • Submit Article
  • Contact Us
  • Terms of Use
    • Privacy Policy
    • DMCA
What's Hot

Strategy Be Forced to Dump Its $66 Billion Bitcoin Pile?

July 10, 2025

Arthur Hayes Says ETH to $10K; Is Ethereum’s Big Breakout Coming?

July 10, 2025

Smart Investors Favor Ruvi AI (RUVI) Over Avalanche (AVAX); Audited, Utility-Driven, and Still Cheap Makes It the Best Bet

July 10, 2025
Facebook X (Twitter) Instagram
Facebook X (Twitter) YouTube LinkedIn
AsiaTokenFundAsiaTokenFund
ATF Capital
  • Home
  • Crypto News
    • Bitcoin
    • Altcoin
  • Web3
    • Blockchain
  • Trading
  • Regulations
    • Scams
  • Submit Article
  • Contact Us
  • Terms of Use
    • Privacy Policy
    • DMCA
AsiaTokenFundAsiaTokenFund

After the Launch of Apechain, Has Apecoin Bull Run Settled or is it Preparing for the Next Massive Run?

0
By on October 22, 2024 Altcoin, Bitcoin, Regulations, Trading, Web3
Share
Facebook Twitter LinkedIn Pinterest Email

The post After the Launch of Apechain, Has Apecoin Bull Run Settled or is it Preparing for the Next Massive Run? appeared first on Coinpedia Fintech News

The launch of Apechain was one of the most bullish events for the APE price rally as the token surged above the current consolidation. With a rise of over 200% in the price and over 10x jump in the trading volume, the price appears to be primed to keep up the bullish trend for the rest of 2024. However, the rally in the long term remains within the bearish influence and hence the possibility of a rejection remains high. 

Does this suggest the bulls will be trapped above $1.6? 

In the short term, the APE price is experiencing massive volatility after the rise from levels around $0.76 to as high as $1.76. However, the volume has dropped significantly, which may hinder the progress of the rally. Despite this, the price is expected to revive a strong ascending trend and reclaim the local highs. 

The price has been facing notable selling pressure as the token is printing constant bearish candles. Currently, the 50-day EMA is offering strong support and as the stochastic RSI is preparing for a rebound, a flip could be fast approaching. Unfortunately, the volume is slowly ranging back to its previous levels, which could be a huge matter of concern. 

In the long term, Apecoin has risen above the descending trend line and is experiencing remarkable bearish pressure. The selling volume is more than 60% of the buying volume that elevated the price to local highs. However, the bullish possibility persists as long as the Apecoin (APE) price sustains above the crucial support at $1. 

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Strategy Be Forced to Dump Its $66 Billion Bitcoin Pile?

July 10, 2025

Arthur Hayes Says ETH to $10K; Is Ethereum’s Big Breakout Coming?

July 10, 2025

Smart Investors Favor Ruvi AI (RUVI) Over Avalanche (AVAX); Audited, Utility-Driven, and Still Cheap Makes It the Best Bet

July 10, 2025
Leave A Reply Cancel Reply

What's New Here!

Strategy Be Forced to Dump Its $66 Billion Bitcoin Pile?

July 10, 2025

Arthur Hayes Says ETH to $10K; Is Ethereum’s Big Breakout Coming?

July 10, 2025

Smart Investors Favor Ruvi AI (RUVI) Over Avalanche (AVAX); Audited, Utility-Driven, and Still Cheap Makes It the Best Bet

July 10, 2025

Rising Shiba Inu (SHIB) Competitor Predicted to Soar 10283% Before SHIB Claims $0.0001 Level

July 10, 2025
AsiaTokenFund
Facebook X (Twitter) LinkedIn YouTube
  • Home
  • Crypto News
    • Bitcoin
    • Altcoin
  • Web3
    • Blockchain
  • Trading
  • Regulations
    • Scams
  • Submit Article
  • Contact Us
  • Terms of Use
    • Privacy Policy
    • DMCA
© 2025 asiatokenfund.com - All Rights Reserved!

Type above and press Enter to search. Press Esc to cancel.

Ad Blocker Enabled!
Ad Blocker Enabled!
Our website is made possible by displaying online advertisements to our visitors. Please support us by disabling your Ad Blocker.