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APE

ApeCoin and AXS - a race to Zero?People keep asking me "Is altcoins season coming and Which altcoins i should buy now?" I would tell you that most of the altcoins from previous bull markets seem compromised due to unfavorable tokenomics and a looming overhang of unlocked tokens. There's a possibility they may never recover, and it's imperative that we identify a fresh narrative for the upcoming generation of altcoins to gain popularity. In the interim, it appears most logical to maintain exposure to Bitcoin. Crypto VCs are facing significant pressure to deliver returns to their investors. Although certain crypto VC funds have generated returns ranging from 10 to 20 times the initial investment, others have experienced significant losses, prompting investors to opt for cashing out, even when potential returns were considerably higher. These VC funds are expected to continue playing a pivotal role as sellers of altcoins and are compelled to liquidate their holdings. Monitoring the token unlock schedules of these projects can yield substantial alpha, as the anticipated selling pressure is likely to lead to decreased token prices. ApeCoin APE As of September 17, ApeCoin is poised for yet another substantial unlock, this time amounting to $55 million, which represents 11% of the total outstanding tokens. This is significant given the current ApeCoin market cap of $500 million. Since the last unlock on August 17, which involved 4.2% of ApeCoins (equivalent to $21 million), prices have witnessed a sharp decline of -24%. Furthermore, the one-year emission or dilution rate stands at an alarming 58%. Axie AXS On October 20, a significant unlocking event is scheduled for Axie Infinity's token (AXS), involving 11% of the total tokens. Since the previous unlock on July 22, the value of AXS tokens has experienced a notable decrease of -32%. Presently, AXS maintains a market capitalization of $590 million, reflecting a substantial decline of -97% from its peak in November 2021 when it reached $10.5 billion. Additionally, the one-year emission rate stands at 24%. Hard time for AXS and APE holders Even though their prices have fallen considerably, it's difficult to envision a significant rally for ApeCoin or Axie Infinity tokens. These tokens are expected to lag behind the broader cryptocurrency market in terms of performance.
Short
by ShiBob-SB
APE/USDT is All Set For Bullish Drive | ApeCoin Analysis💎Paradisers, get ready for some action! APE/USDT has just burst through a descending triangle in the 4H timeframe, priming itself for a likely bullish eruption. 💎Just a few days ago, APE skillfully engaged with a bearish Order Block (OB), set matching highs, and embarked on a downward path to tackle the bullish OB and capture buying liquidity. 💎If ApeCoin continues its upward trajectory through the triangle's apex, it's set to target the impending supply zone. 💎Yet, let's remain cautious of the unpredictable market conditions that could alter the game at any moment. We're optimistic about the chances of the price making a return trip to the supply zone, courtesy of lingering liquidity. 💎Keep your charts fresh and stay tuned for more crypto updates! Happy trading, Paradisers! 🌴
Long
by MyCryptoParadise_Simon
1
#APE/USDT 1D (ByBit) Small falling wedge near breakoutApeCoin just printed a morning star, reversal towards 100EMA seems around the corner, at least short-term. ⚡️⚡️ #APE/USDT ⚡️⚡️ Exchanges: ByBit USDT Signal Type: Regular (Long) Leverage: Isolated (2.6X) Amount: 5.1% Current Price: 1.888 Entry Targets: 1) 1.885 Take-Profit Targets: 1) 2.458 Stop Targets: 1) 1.598 Published By: @Zblaba NYSE:APE #APEUSDT #ApeCoin #NFT Risk/Reward= 1:2 Expected Profit= +79% Possible Loss= -39.6% Estimated Gaintime= 4-6 weeks apecoin.com
Long
by TradingOn
APE/USDT Technical Rally: From $1.70 Support to $10 Target!APE/USDT Technical Analysis: Potential Upside Amidst Support and Oversold Conditions NYSE:APE is currently valued at $1.84 and is showing signs of being oversold on the charts, indicating a potential for a significant upward movement from its current level. Key Observations: Oversold Territory: The current chart analysis reveals that NYSE:APE is trading in an oversold area, which often suggests that a price reversal or strong bounce might be in the offing. Solid Support at $1.70: The coin has found substantial support at the $1.70 mark. This support level could act as a buffer against sharp declines, potentially contributing to price stabilization. Long-Term Accumulation Potential: While minor corrections could occur, the overall sentiment suggests that accumulating NYSE:APE for the long term could be a prudent strategy, given the current technical outlook. Proposed Entry Points: Entry 1: Consider initiating a position between the price range of $1.80 and $1.60. This zone provides an opportunity to enter the market before potential price gains. Entry 2: For more risk-tolerant investors, an entry range of $1.20 to $1.00 could be explored. This range might yield greater rewards but comes with increased risk. Price Targets: Target 1: If the coin manages to breach the $4.50 resistance level, a price target of $4.50 is feasible. A successful breakthrough could trigger a significant upward movement. Target 2: In the event that NYSE:APE surpasses the $4.50 level, the next targets to watch for are $10 and $15. A sustained move above $4.50 might generate momentum to push the price further upwards. Conclusion: Considering the current technical indicators and support levels, NYSE:APE appears to have the potential for substantial price movement. The oversold conditions and the presence of a strong support level at $1.70 add credence to the possibility of an upward trend. Investors may consider accumulating at the suggested entry points, with an eye on the resistance level at $4.50. If this level is breached, the coin could experience a significant rally towards the $10 to $15 range.
Long
by CryptoPatel
5
APE Analysis: Seizing Bullish Momentum!Macro PVVM (Long-Term): The range for Macro PVVM in the last seven days is from -83.65 (minimum) to -21.71 (maximum), suggesting a shift from a strong bearish trend towards a less bearish or possibly bullish trend. Micro PVVM (Short-Term): The mean Micro PVVM value is 32.33, indicating a bullish movement in the short term. The range for Micro PVVM in the last seven days is from -3.19 (minimum) to 48.83 (maximum), suggesting a strong bullish movement in recent days. Key Takeaways: • Despite the overall bearish trend indicated by the Macro PVVM, recent data shows a possible shift towards a less bearish or potentially bullish trend . • The Micro PVVM indicates a bullish movement in the short term, especially in the recent week. This could be an opportunity for short-term traders. • The asset seems to be showing signs of strength, making it an ideal scenario for a long entry according to the PVVM rules. Trade Idea: Considering the recent bullish movement and a potential shift in the long-term trend, a possible strategy could be to enter a long position on the asset. However, traders should keep a close eye on the Macro PVVM to ensure that the shift towards a less bearish trend continues. If the Macro PVVM starts to decrease again, it may be a signal to exit the long position and possibly consider shorting the asset. Price Prediction for the Next 7 Days: Based on recent momentum, we could expect a potential continuation of the bullish short-term movement to hit $2.53.
CRYPTO:APEUSDLong
by SwingSwiss