APE/USDT Trading Scenario
The asset is currently trading 95% below its all-time high (ATH). Unlike most cryptocurrency market categories that are showing growth despite significant corrections, the NFT and metaverse segments remain in the shadows, not showing significant dynamics.
APE is currently near its all-time low, and in terms of volume profile, there is interest from market participants, as well as accumulation of positions in the current range. Fundamentally, the token is still associated with one of the most famous projects in the NFT sphere – Bored Ape Yacht Club (BAYC), as well as with the Otherside metaverse. However, it has fallen outside the zone of active investor attention amid the rapid growth and popularity of meme coins.
This asset deserves close attention, as it has the potential for significant upward movement.
APE is currently near its all-time low, and in terms of volume profile, there is interest from market participants, as well as accumulation of positions in the current range. Fundamentally, the token is still associated with one of the most famous projects in the NFT sphere – Bored Ape Yacht Club (BAYC), as well as with the Otherside metaverse. However, it has fallen outside the zone of active investor attention amid the rapid growth and popularity of meme coins.
This asset deserves close attention, as it has the potential for significant upward movement.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.